Cinnabon Expands Global Presence With Libya Opening
Bakery Franchise Famous for Cinnamon Rolls Is First U.S. Brand to Enter Country
ATLANTA, GA - (Marketwire - Jul 24, 2012) - Cinnabon, Inc., the snack leader in the bakery-cafe segment, is continuing to strengthen its worldwide footprint with the latest international bakery opening earlier this month in Tripoli, Libya.
A co-branded Cinnabon® and Carvel® store debuted July 2, 2012 on the busiest street in the city and signifies a milestone -- the first-ever U.S. brand to debut in Libya. The location was in the works for more than two years, with the opening delayed due to the Libyan revolution last year.
"The tenacity and courage of our franchise partners and their team show their ultimate commitment to the Cinnabon brand. We are excited to be the first American brand to develop in this market and we know there's a lot more growth potential in the region," said Mike Shattuck, President of FOCUS Brands International, which handles overseas expansion for Cinnabon, as well as Carvel Ice Cream, Moe's Southwest Grill®, Schlotzsky's® and Auntie Anne's® Pretzels.
The location was developed by franchise partners Arief and Ahmed Swaidek, brothers who plan to build another Cinnabon location later this year and will develop at least 10 Cinnabon stores in the next five years. The partners also have signed on to bring more Carvel and Moe's Southwest Grill locations to Libya.
Cinnabon has more than 900 locations in 51 countries. Throughout the remainder of 2012, it projects opening approximately 130 new international bakeries globally with new market launches in Nicaragua, Iraq and Ukraine. The company plans to enter an additional eight new international markets in the next 12 months.
International expansion is a main focus for the brand's immediate growth. The company has opened 71 Cinnabon locations in Russia in three years, with plans for another 80 over the next five years. Shattuck also said Cinnabon is looking for franchise partners in other North African countries, such as Algeria, Tunisia and Morocco.
"The guests love the overall experience at Cinnabon and they tell us they are enjoying the western flavors and unique hospitality we strive so hard to offer in beautiful surroundings," said Shattuck.
In addition to the traditional menu items in Libya, the location is also offering a wide variety of locally created sandwiches, salads, and other baked good as well as cakes and pies which are imported from Italy.
About Cinnabon, Inc.
Founded in Seattle in 1985 and now based in Atlanta, Cinnabon, Inc. is the market leader among cinnamon roll bakeries. The company serves fresh, aromatic, oven-hot cinnamon rolls, as well as a variety of other baked goods and specialty beverages. Cinnabon currently operates more than 900 franchised locations worldwide, primarily in high traffic venues such as shopping malls, airports, train stations, travel plazas, entertainment centers and military establishments. Cinnabon is also a multi-channel licensor, partnering with other companies to provide brand licensed products at foodservice and retail venues. Visit www.cinnabon.com for more information, follow us on Twitter @Cinnabon or become a Facebook fan at http://www.facebook.com/Cinnabon.
Fishman Public Relations
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances