Restaurant Brands' Firehouse Subs To Open More Than 100 Restaurants In Middle East

RTTNews | 488 days ago
Restaurant Brands' Firehouse Subs To Open More Than 100 Restaurants In Middle East

(RTTNews) - Restaurant Brands International Inc. is teaming with Dubai's fashion and lifestyle retail conglomerate Apparel Group to develop and open more than 100 restaurants under its Firehouse Subs brand across UAE and Oman over the next 10 years.

The agreement marks the global expansion of Firehouse Subs, a strong and growing player within the Quick Service Restaurant or QSR sandwich category in the United States.

With the partnership, Apparel Group expects to support Firehouse Subs' growth strategy across the world with its extensive experience and expertise. Apparel Group is already operating Restaurant Brands' Tim Hortons brand in the Middle East/North Africa region since 2013.

Florida -based Firehouse Subs is a restaurant chain, offering hearty sandwiches with flavorful meats, cheeses & delicious bread that is crispy on the outside and soft on the inside.

Firehouse Subs operates over 1,200 restaurants across the U.S. and Canada recently launched its restaurants in Switzerland, which is the first opening outside of North America. The barnd is also in agreement to open in Mexico.

Neeraj Teckchandani, CEO of Apparel Group said, "Firehouse Subs embodies a blend of authentic food and community spirit, and Apparel Group is honored to steer this iconic brand's heritage into the thriving Middle Eastern market. As the region's culinary landscape continues its dynamic evolution, we see Firehouse Subs seamlessly fitting into, and elevating, the tapestry of food experiences here. Our proven track record in growing international brands in MENA, combined with the distinctiveness of Firehouse Subs, promises a synergy that is bound to set new benchmarks."

read more
Burger King Plans To Launch $5 Value Meal

Burger King Plans To Launch $5 Value Meal

Burger King Co., owned by Restaurant Brands International Inc., is planning to launch $5 value meal to boost demand among Americans, who are cutting back on dining out, reports said. The fast-food hamburger chain's offer is said to include a choice of one of three sandwiches, with nuggets, fries, and a drink. The news comes after rival chain McDonald's reportedly announced a plan to introduce...
RTTNews | 232 days ago
TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment. Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada.
RTTNews | 1 day ago
Dollar Climbs Higher After Buoyant Jobs Data

Dollar Climbs Higher After Buoyant Jobs Data

The U.S. dollar firmed against its major counterparts on Friday amid fading hopes of further reductions in interest rates after data from the Labor Department showed stronger-than-expected growth in non-farm payroll employment in the month of December.
RTTNews | 1 day ago
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market settled notably lower on Friday, in line with markets across Europe, as upbeat U.S. jobs data raised concerns that the Federal Reserve will likely hold interest rates unchanged from current levels, or go slow on interest rate cuts this year. Data showing an increase in Swiss unemployment weighed as well.
RTTNews | 1 day ago
U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime.
RTTNews | 1 day ago
Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime. Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now.
RTTNews | 1 day ago