Latest news with #Cravia
Yahoo
24-06-2025
- Business
- Yahoo
Americana in talks to take stake in F&B franchise operator Cravia
United Arab Emirates (UAE)-based quick service restaurant operator Americana Restaurants is in preliminary discussions to acquire a stake in compatriot Cravia, a food and beverage (F&B) franchise operator. The news was confirmed by Americana in a stock exchange filing on 22 June 2025. The size of the stake or the anticipated timeline for the transaction were not disclosed. Cravia, headquartered in Dubai, has been under the ownership of private equity investor Fajr Capital since 2016. It has 78 outlets and a workforce exceeding 2,000. Its brand offerings are Five Guys, Cinnabon, Zaatar W Zeit, Carvel ice cream and Seattle's Best Coffee. Americana previously gained approval for concurrent and dual listing in Saudi Arabia and the UAE from the Saudi financial regulatory authority. Americana Restaurants recently added Peet's Coffee to its portfolio of brands, which includes KFC, Hardee's, Pizza Hut, TGI Fridays and Krispy Kreme. It opened 14 new stores and combined 46 additional stores from Pizza Hut Oman, totalling the store count to 2,630 across 12 nations. The company also operates Wimpy and Chicken Tikka across the Middle East and North Africa (MENA) region and Kazakhstan. It is backed by an investment vehicle owned by Saudi Arabia's sovereign wealth fund and real estate mogul Mohamed Alabbar. Bloomberg highlights that Americana's position has been tight due to the brand's internal restructuring, job cuts and a consumer boycott of its brands that began with the onset of the Israel-Hamas conflict. In the first quarter (Q1) of 2025, the company generated a net profit attributable to shareholders of the parent company of $32.6m, up 16.5% from Q1 2024. Earnings before interest, taxes, depreciation and amortisation stand at $121.7m, a 17.4% year-on-year increase. "Americana in talks to take stake in F&B franchise operator Cravia" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Etihad
23-06-2025
- Business
- Al Etihad
Americana Restaurants in ‘preliminary' talks to acquire Cravia
A. SREENIVASA REDDY (ABU DHABI) Americana Restaurants International, which operates some of the most recognised restaurant brands in the region such as KFC, Pizza Hut, Hardee's and Krispy Kreme, is in early talks to acquire a stake in Cravia, a regional food and beverage operator known for brands like Five Guys and Cinnabon. In a stock market filing, the company said: 'Americana Restaurants is in preliminary discussions with Cravia for the purpose of acquiring stake(s) in the company.' The disclosure was signed off by Saqib Muhammad Sabit Awan, Secretary of the Board. The company is dual-listed on the Abu Dhabi Securities Exchange (ADX) and the Saudi Stock Exchange, and is jointly owned by Public Investment Fund, Saudi Arabia's sovereign wealth fund, and Mohammed Alabbar, the founder of Emaar Properties. Its market capitalisation stands at Dh17.1 billion, according to the latest ADX data. Cravia, a Dubai-based restaurant operator, manages a portfolio that includes Five Guys, Cinnabon, Zaatar w Zeit, Seattle's Best Coffee, and Carvel. If the deal proceeds, it would significantly expand American Restaurants' footprint in the premium casual and fast-casual segments of the dining market across the Middle East. Americana Restaurants International is already the largest out-of-home dining and quick service restaurant operator across 12 countries in the MENA region and Kazakhstan, based on the number of outlets. According to company data, it is a leading master franchisee for several top-tier global brands, including KFC, Pizza Hut, Hardee's, Krispy Kreme, TGIF, Costa Coffee, Baskin Robbins, and Peet's Coffee. The company, which had a landmark IPO in 2022, became the first firm in the region to list simultaneously on both ADX and the Saudi Exchange. With decades of heritage in the food and beverage sector, Americana Restaurants has built a geographically diversified footprint and an extensive restaurant portfolio. Americana Restaurants reported a revenue of $2,20 billion in 2024 with a net profit of $159 million. According to a factsheet on its website, it was running 2,630 restaurants at the end of 2024.
Zawya
23-06-2025
- Business
- Zawya
Americana Restaurants in talks to buy stake in Dubai's Cravia
Americana Restaurants International has said it is in early stages of talks to acquire a stake in Dubai-based Cravia Inc, the operator of brands such as Zaatar W Zeit, Five Guys and Cinnabon in the Middle East. Americana did not disclose details about the size of the potential stake or the expected timeline for the transaction. A report by Bloomberg last week suggested that the stake in Cravia may be acquired from its current private equity owner, Fajr Capital. According to data from LSEG, Americana is 66% owned by Adeptio AD Investment SPC, a joint venture between Emaar founder Mohamed Alabbar and Saudi Arabia's Public Investment Fund (PIF). (Writing by Brinda Darasha; editing by Seban Scaria)
Argaam
21-06-2025
- Business
- Argaam
Americana mulls acquisition of Five Guys, Cinnabon operator Cravia
Americana Restaurants International PLC studies the acquisition of Cravia, the Middle East operator of Five Guys, and Cinnabon, in a step that aims to enhance its franchise network in the restaurant sector. Talks are still in early stage, Bloomberg reported, citing sources with knowledge of the matter.
Arabian Business
20-06-2025
- Business
- Arabian Business
Americana in talks to acquire Five Guys in the region: reports
Americana Restaurants International, the largest out-of-home dining and quick service restaurant operator in the Middle East and North Africa and Kazakhstan with a portfolio that includes brands like KFC, Pizza Hut, Hardee's, Krispy Kreme, Wimpy and Costa Coffee, is reportedly considering adding Five Guys, Cinnabon and Seattle's Best Coffee to that list. Bloomberg has reported, with information from people familiar with the matter, that Americana is in talks to acquire Cravia Inc. from Fajr Capital, the private equity company that has owned Cravia since 2016. Talks are at an early stage, and there is no certainty a deal will be reached, the sources told Bloomberg, which could not get a response from Americana, while Fajr declined to comment. Americana eyes Five Guys acquisition Americana declared a revenue growth of 16.2 per cent for the first quarter of 2025, compared to the same period last year, with like-for-like sales improvements and the expansion of the store network. It reported an EBITDA of $121.7m, an increase of 17.4 per cent and net profit attributable to shareholders was $32.6m, a 16.5 per cent YoY increase. The company generated $33.5 million in Free Cash Flow during the quarter, while maintaining a strong balance sheet with no leverage and healthy cash reserves. Cravia has 78 outlets and more than 2,000 employees. In addition to Five Guys and Cinnabon, it operates or manages brands like Zaatar W Zeit, Seattle's Best Coffee and Carvel.
