Denny’s Announces Expansion Into United Kingdom
October 19 2017 - 7:00AM
Denny's Corporation (NASDAQ:DENN), one of the world's largest
full-service family dining chains, today announced its expansion
into Europe through a franchise agreement with Denny’s Magic Diners
U.K., led by seasoned franchise executive Leon Esfahani. The
agreement will bring 10 locations to the United Kingdom over the
next several years, with the first expected to open in Wales by the
end of the year.
“We believe there is considerable opportunity to
grow the brand internationally, and are confident that Leon
Esfahani and his team’s experience with leading restaurant brands
makes him the right partner to introduce the Denny’s experience to
the United Kingdom, and more broadly Europe, for the first time,”
stated John Miller, Denny’s President and CEO. “Our expanding
global footprint has attracted new interest from a number of
franchisees and we continue to have an active pipeline for growth
as we gain momentum beyond North America.”
Mr. Esfahani’s restaurant experience includes
operating franchised locations for leading global brands, including
Starbucks and Pizza Hut. His first Denny’s location is
expected to open in Swansea, Wales, by the end of 2017.
“I have long been a fan of the Denny’s brand and
am honored to bring what I view as a truly unique concept to the
United Kingdom,” added Mr. Esfahani, franchisee for Denny’s.
“Denny’s serves up a welcoming atmosphere paired with a broad menu
of favorites across all day parts, and I am thrilled to introduce
the Denny’s diner experience to the local community.”
Steve Dunn, Denny's Senior Vice President &
Chief Global Development Officer, added: "Denny’s is one of the
fastest growing family-dining chains across the globe and it is
very exciting to add the United Kingdom to our expanding list of
new countries offering our unique diner experience. We look forward
to finding more qualified partners like Mr. Esfahani and his team
to further expand Denny’s international footprint."
About Denny’s
Denny's Corporation is the franchisor and
operator of one of America's largest franchised full-service
restaurant chains, based on the number of restaurants. As of
June 28, 2017, Denny’s had 1,724 franchised, licensed, and company
restaurants around the world including 125 restaurants in Canada,
Puerto Rico, Mexico, New Zealand, Honduras, Costa Rica, Dominican
Republic, the United Arab Emirates, the Philippines, Guam, Curaçao,
and El Salvador. For further information on Denny's,
including news releases, links to SEC filings, and other financial
information, please visit the Denny's investor relations website at
investor.dennys.com.
Media Contact:Christine Beggan, ICR
203-682-8329Christine.Beggan@icrinc.com
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