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| Free Hospitality Publications |
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Restaurant Industry News
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Sunday June 11th, 2006 |
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Ruby Tuesday Announces Dubai Expansion
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Casual dining chain Ruby Tuesday, Inc. announced today the establishment of a Ruby Tuesday franchise in Dubai, United Arab Emirates. |
The agreement with franchisee Bin Hendi Hospitality, LLC includes three restaurants planned for Dubai City, Emirate of Dubai, United Arab Emirates.
Ruby Tuesday, Inc., a publicly-traded company, currently owns, operates, and franchises more than 850 casual dining restaurants in the United States and around the world. This marks the company's third venture in the Middle East, as there are currently Ruby Tuesday Restaurants in Kuwait and new restaurants under development in Saudi Arabia.
Mark Ingram, President-Franchising, said: "Dubai is a very important and exciting growth opportunity for Ruby Tuesday. We have partnered with a very successful local diversified retail company, Bin Hendi Enterprises. The Middle East is one of the fastest growing casual dining destinations in the world. Ruby Tuesday continues to aggressively expand its international franchise community. We believe the potential exists for at least 1,000 Ruby Tuesday locations around the world."
Mr. Mohi-Din Abdalkadir Binhendi, founder and president of Bin Hendi Hospitality and its affiliate Bin Hendi Enterprises, said "My goal is to have a diversified business to provide the people of my country with much more than basic services. We always try to do things with quality, taste and style. Ruby Tuesday is a welcome addition to our businesses." Bin Hendi Enterprises is a well known and diversified organization with businesses in hospitality services, fashion, real estate, oil field supplies, trading and distribution, furniture, design services, currency exchange/transfer and jewelry.
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| Last: |
26.77 |
| Time: |
6/9/2006 4:02pm |
| Change: |
-0.27 |
| Opened: |
27.04 |
| Day: |
27.40 - 26.66 |
| Volume: |
485400 |
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