Established in 1982, KFG was responsible for bringing the first local franchised restaurant to Kuwait. The company now manages, operates and develops international food brands in the region, overseeing approximately 200 restaurants.
As per International Franchise Association, the franchising industry will have increased to more than 780,000 outlets employing 8.4 million people in the U.S. alone.
Tresvant will lead Taco Bell into a new age of transformative global marketing, spearheading boundary-pushing, multi-dimensional efforts that drive culture, initiate change and create impact.
This year, Subway has signed master franchise agreements in India, the brand’s largest agreement to date, and the UAE, as part of its plan to double the number of restaurants across EMEA.
The portion for Qualified Institutional Buyers (QIBs) was subscribed 7.50 times, while those for Retail Individual Investors (RIIs) 8.70 times and non institutional investors 3.46 times.