Brinker International Inks Franchise Deal to Expand Into Russia
DALLAS, Aug. 18 // PRNewswire-FirstCall // -- Brinker International, Inc. (NYSE: EAT), has entered into a development agreement with developer Trio's Group Ltd. to establish Chili's(R) Grill & Bar in Russia. As part of the deal, 25 restaurants are planned for development in the Russian Federation by June 2017, with the first Chili's opening in November 2010 in Moscow.
"This was an attractive development opportunity with Brinker, a company that continues its dominant appeal with excellent choices of a well-aligned broad menu, operational quality and fun atmosphere," said Alan Sawyer, managing partner for Trio's Group, Ltd. "We are looking forward to bringing Brinker's commitment to quality and hospitality to Russia and building great relationships in this market."
Trio's Group Ltd. is a privately held company headquartered in Geneva Switzerland and formed by three business partners for the sole purpose of developing and operating Chili's Grill & Bar in the Russian Federation.
"We're proud to team up with Trio's Group to extend our international presence into one of the world's largest consumer markets," said John Reale, president of global business development for Brinker International. "Russia offers vast potential for the Chili's brand, and we look forward to sharing our unique bold flavors and dining experience with guests throughout the country."
Brinker International currently owns, operates or franchises 203 international locations in 29 countries and two territories outside the United States. As part of the company's goal to become the globally dominant casual dining portfolio company, Brinker International plans to have 500 restaurants open outside the United States by 2014.
About Brinker International
Brinker International, Inc. (NYSE: EAT), is one of the world's leading casual dining restaurant companies, serving more than 1 million guests daily. Founded in 1975 and based in Dallas, Texas, Brinker owns or franchises nearly 1,700 restaurants in 29 countries and two territories, and employs more than 125,000. Brinker restaurant brands include Chili's(R) Grill & Bar, On The Border Mexican Grill & Cantina(R) and Maggiano's Little Italy(R). Brinker also holds a minority investment in Romano's Macaroni Grill(R). The company was named one of FORTUNE Magazine's Most Admired Food Service Companies in 2009 and was honored by the magazine as one of the Top 50 Employers for Minorities and the Top 50 Employers for Women.
SOURCE Brinker International, Inc.