We’re comin’ to the city where east meets west! Shake
Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK) is
poised for continued growth in Asia. After announcing that flagship
locations in Shanghai and Manila will open next year, plans are now
underway for Shake Shack and partner SPC Group to launch the
first Shack in Singapore in 2019.
Shake Shack is proud to partner with SPC Group, a leading global
food company based in South Korea with 30 brands and over 6,000
stores worldwide including seven Shake Shack locations in the
greater Seoul area. With 70 years of knowledge and innovation in
the food and beverage industry, and the successful launch and
growth of Shake Shack in South Korea, SPC Group brings the right
expertise to partner with Shake Shack in Singapore.
“We are executing our strategic plan in Asia with plans to
launch in Singapore, Shanghai, and Manila in 2019,” said Michael
Kark, Vice President of Global Licensing. “For years we’ve been
looking for the right opportunity to enter the Singaporean market
given its regional importance, and we’re thrilled to have found the
right strategic partner and an ideal launch location. Our flagship
site will be in the stunning Jewel Changi Airport, home to more
than 2,000 trees, harkening back to Shake Shack’s birthplace in
NYC’s Madison Square Park.”
Shake Shack first launched in Asia at Tokyo’s Gaien Park in
2015, and since then has expanded to include 10 Shacks in Japan, 7
in South Korea, and a May 2018 Hong Kong flagship with a second
Hong Kong location planned to open at Pacific Place near the end of
the year.
In keeping with its mission to Stand For Something Good®,
Shake Shack intends to work with local purveyors and producers to
create a one-of-a-kind Shack for the Singapore community. The menu
will feature Shake Shack’s signature items including the
ShackBurger®, Shack-cago Dog®, classic
crinkle-cut fries, beer, wine and frozen custard ice
cream.
For more information, please visit: www.shakeshack.com |
www.facebook.com/shakeshack
About Shake Shack
Shake Shack is a modern day “roadside” burger stand known for
its 100% all-natural Angus beef burgers, chicken sandwiches and
flat-top Vienna beef dogs (no hormones or antibiotics – ever),
spun-fresh frozen custard, crinkle cut fries, craft beer and wine
and more. With its fresh, simple, high-quality food at a great
value, Shake Shack is a fun and lively community gathering place
with widespread appeal. Shake Shack’s mission is to Stand
for Something Good®, from its premium
ingredients and caring hiring practices to its inspiring designs
and deep community investment. Since the original Shack opened in
2004 in NYC’s Madison Square Park, the company has expanded to more
than 180 locations in 26 U.S. States and the District of Columbia,
including more than 70 international locations across London, Hong
Kong, Istanbul, Dubai, Tokyo, Moscow, Seoul and more.
In its fourteen-year history, Shake Shack has been recognized
with countless accolades, including Bon Appétit's "The 20 Most
Important Restaurants in America" (ranked #16), TIME Magazine's "17
Most Influential Burgers of All Time" (ranked #7 for the
ShackBurger) and winning "Best Burger" in 2007 and 2014 at the
South Beach Wine and Food Festival's Burger Bash.
About SPC Group
SPC Group is a Korea-based global food company, with
more than seventy years of history and experience in the Korean
market with companies including SPC SAMLIP Co., LTD., Paris
Croissant Co., LTD and BR Korea Co., LTD (Baskin Robbins,
Dunkin’ Donuts) and 30 undisputable brands across 6,000
stores. SPC Group owns and operates brands such as
Paris Baquette, Paris Croissant, Passion
5, coffee@works, LaGrillia, Queens Park,Vera, StrEAT,
Bizeun and Glücks Shwein covering the bakery, dessert and
restaurant business. SPC Group has successfully introduced global
brands to the Korean market including Baskin Robbins, Dunkin’
Donuts, Caffe Pascucci, LINA’s and Jamba Juice. The
bakery brand, Paris Baguette, has entered markets overseas
including France, US, China, Singapore and Vietnam with over 350
stores. With continuous R&D and creative marketing, SPC Group
has devoted seventy years to becoming a beloved global company
through the pursuit of health and happiness.
Forward-Looking Statements
This press release contains forward-looking statements, as
defined in the Private Securities Litigation Reform Act of 1995,
which are subject to risks and uncertainties. All statements other
than statements of historical fact included in this press release,
including but not limited to expected Shack openings, are
forward-looking statements. Forward-looking statements discuss our
current expectations and projections relating to our financial
position, results of operations, plans, objectives, future
performance and business. You can identify forward-looking
statements by the fact that they do not relate strictly to
historical or current facts. All forward-looking statements are
subject to known and unknown risks, uncertainties and other
important factors that may cause actual results to be materially
different. All forward-looking statements are expressly qualified
in their entirety by these cautionary statements. You should
evaluate all forward-looking statements made in this press release
in the context of the risks and uncertainties disclosed from time
to time in the Company’s filings with the Securities and Exchange
Commission, including its most recent annual report on Form 10-K
and its subsequent quarterly report on Form 10-Qs, which are
available online at www.sec.gov, www.shakeshack.com or
upon request from Shake Shack Inc.
The forward-looking statements included in this press release
are made only as of the date hereof. We undertake no obligation to
publicly update or revise any forward-looking statement as a result
of new information, future events or otherwise, except as otherwise
required by law.
Source: Shake Shack Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181009006136/en/
Investors:ICRMelissa Calandruccio, (844) SHACK-04
(844-742-2504)investor@shakeshack.comorICRMichelle Michalski, (844)
SHACK-04 (844-742-2504)investor@shakeshack.comorMedia:Shake
ShackJacqueline Gonzales,
646-747-8776jgonzales@shakeshack.comorShake ShackKristyn Clark,
646-747- 8776kclark@shakeshack.com
Shake Shack (NYSE:SHAK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Shake Shack (NYSE:SHAK)
Historical Stock Chart
From Apr 2023 to Apr 2024