Brinker International Signs Coinvestment Deal With CMR
12 Novembre 2007 - 11:00PM
PR Newswire (US)
DALLAS, Nov. 12 /PRNewswire-FirstCall/ -- Brinker International,
Inc. (NYSE:EAT) announced an agreement with CMR for the joint
investment in a new corporation to develop Chili's Grill &
Bar(R) and Maggiano's Little Italy(R) brands in Mexico. Under the
agreement, CMR and Brinker will jointly contribute to the new
company for the development of at least 50 restaurants over the
next four years. The companies expect five restaurants to begin
operating in calendar year 2007 and nine more to open by the end of
2008. "This important transaction significantly contributes to our
objectives of accelerated growth, and it allows us to partner with
one of the global leaders in the restaurant industry. This
agreement expands our portfolio of winning brands including Chili's
and Maggiano's, restaurants that have proven very successful in the
U.S.," said Jose Antonio Fernandez, Chief Executive Officer of CMR.
"CMR has been a respected business partner of ours for more than 10
years and Brinker is pleased to finalize this agreement with them,"
said Greg Walther, President of Global Business Development for
Brinker International. "The deal will call for a tremendous amount
of growth for two of our renowned restaurant brands. Our guests in
Mexico have already become loyal fans of Chili's, and we are
excited to introduce another unique dining experience with
Maggiano's Little Italy." This month, Brinker expects to open its
50th Chili's location in Mexico. Brinker International, Inc. is one
of the world's leading casual dining restaurant companies, serving
more than 1 million guests daily. Founded in 1975 and based in
Dallas, Texas, Brinker owns or franchises more than 1,800
restaurants in 24 countries and employs more than 120,000. Brinker
restaurant brands include Chili's Grill & Bar, Romano's
Macaroni Grill(R), On The Border Mexican Grill & Cantina(R) and
Maggiano's Little Italy. The company was named one of FORTUNE
Magazine's Most Admired Companies in 2006 and was honored by the
magazine as one of the Top 50 Employers for Minorities and the Top
50 Employers for Women. For more information visit
http://www.brinker.com/. CMR (BMV: CMRB), the leading multi-format
restaurant chain in Mexico, operates 95 restaurants in several
Mexican cities under, among others, the brands: Wings, Meridien,
Fonda Mexicana, Los Almendros, La Destileria and El Lago, in
addition to the aforementioned Chili's Grill & Bar restaurants.
Contact: Media Relations (800) 775-7290 DATASOURCE: Brinker
International, Inc. CONTACT: Media Relations of Brinker
International, Inc., 800-775-7290 Web site: http://www.brinker.com/
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