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Wingstop Expansion Reaches
the Philippines
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Development agreement
includes
50 restaurants with
first grand opening later this year
|
Dallas,
TX – February 2014 / Newsmaker Alert / Wingstop
Restaurants, Inc., now in its 20th year in business, is expanding to
the Philippines thanks to an exclusive development agreement announced
today with Wingstop Philippines, Inc. to open 50 restaurants across the
country. The first location is scheduled to open later this year.
“We
cannot wait to introduce ‘The Wing Experts’ to our guests in the Philippines,”
said Walden Chu, president of Wingstop Philippines. “The Wingstop brand
is a synergistic addition to my group’s [CBTL Holdings] vision of building
a portfolio of trustworthy and delightful industry-leading companies.”
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The
expansion is the latest in a series of international milestones for Wingstop,
which recently opened new restaurants in Russia and Singapore. Wingstop
has over 600 restaurants around the world and commitments for more than
500 additional restaurants with plans to open more than 85 of those this
year.
“We’re
excited to enter the Philippines and to embark on another great international
partnership,” said Wingstop’s Chief Development Officer Dave Vernon. “Following
a record-breaking year of development in 2013, the demand for Wingstop
continues to flourish around the globe. This agreement puts us well on
our way to what we expect to be another record year of growth for Wingstop.”
More
information on international development opportunities and franchising
information is available at www.wingstopfranchise.com/international.aspx.
About
Wingstop
Founded
in 1994 and headquartered in Dallas, Texas, Wingstop has more than 600
restaurants open across the United States, Mexico, Russia and Singapore.
The “Wing Experts” menu features classic and boneless wings with 10 bold,
distinctive flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki,
Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ and Louisiana
Rub. Wingstop’s wings are always cooked to order, sauced and tossed and
served with a variety of house-made sides including Wingstop’s seasoned
fries. Wingstop has experienced 10 consecutive years of positive sales
increases, was named a Top 10 Best Franchise Deal by QSR magazine,
and has been voted “best wings” in markets across the country. Wingstop
is owned by affiliates of Roark Capital Group, an Atlanta-based private
equity firm that specializes in business and consumer service companies
with attractive growth prospects and revenues ranging from $20 million
to over $3 billion. For more information visit wingstop.com,
wingstopfranchise.com,
twitter.com/wingstop
or
facebook.com/wingstop.
Media
Contact:
Monica
Feid
972-728-1449
BizCom
Associates
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