The Dairy Queen® System Expands Global Footprint
Dairy Queen® to re-enter Taiwan, and enter Vietnam and Guyana for the First Time
January 21, 2014 // Franchising.com // MINNEAPOLIS – The Dairy Queen system, the international retail treat category leader and part of Berkshire Hathaway (NYSE: BRK.A and BRK.B), has recently re-entered Taiwan, and also plans to open the first DQ® locations in Vietnam and Guyana during 2014, which will bring the number of countries outside the U.S. where the Dairy Queen system has a presence to 24.
Jolly Brands, Inc. opened a Dairy Queen location in the Tianmu neighborhood of Taipei City, Taiwan on Dec. 26, 2013. They plan to open 45 treat stores throughout the country within the next five years.
In Vietnam, the Dairy Queen system has signed a multi-unit deal with QSR Vietnam Trading One Member Company Limited (QSR). QSR plans to open the first DQ Treat store in Ho Chi Minh City in January 2014. Within five years, the firm plans to open 60 additional DQ Treat stores throughout the country.
The largest quick-service restaurant operator in Guyana, Camex Restaurants Inc. (CRI) has signed an agreement for multi-unit development rights to build DQ Grill and Chill® restaurants and DQ Treat stores in Guyana. Two locations are expected to open in first quarter 2014 as part of the six DQ Grill & Chill restaurants and six DQ Treat stores scheduled to open over the next five years.
"We are very happy with the success of our global expansion particularly when re-entering Taiwan and opening in brand new markets like Vietnam and Guyana," said Jean Champagne, COO International Groups of International Dairy Queen, Inc. (IDQ). "We certainly look forward to delivering the Dairy Queen experience and innovative menu items to our fans in those countries as we continue to expand our global presence."
The Dairy Queen system has more than 6,300 locations, 1,285 of which are outside the U.S. and Canada. For more information about the Dairy Queen system, visit DairyQueen.com.
International Dairy Queen Inc., (IDQ), which is headquartered in Minneapolis, Minn., is the parent company of American Dairy Queen Corporation (ADQ), which develops, licenses and services a system of more than 6,300 Dairy Queen® and Orange Julius® stores in the United States, Canada and 25 other countries. IDQ and ADQ are part of the Berkshire Hathaway family of companies, led by Warren Buffett, the legendary investor and CEO of Berkshire Hathaway. For more information, visit DairyQueen.com.
SOURCE International Dairy Queen Inc., (IDQ)