Americana Restaurants expands into Premium Retail with carpo World Ltd Franchise Agreement
The agreement grants Americana exclusive rights to build and operate carpo stores in Kuwait and Qatar, with further expansion planned across Bahrain and Saudi Arabia. Americana will begin the rollout with flagship stores expected to open by late 2025, marking its entry into the region's luxury food retail sector.
Founded in 1991 in Athens, carpo has earned global recognition for its premium quality products sourced globally, that combines unique indulgence with the art craftsmanship. The brand operates in high-end retail locations across Greece and the UK and has already established a strong presence in the UAE with its successful store in Dubai Mall, launched in 2022. Building on this momentum, carpo brand is set to open its next store at the prestigious Marina Mall in Abu Dhabi this autumn.
This partnership represents a strategic diversification for Americana, expanding beyond its core restaurant operations into the high-margin premium retail space.
Mr. Mohamed Alabbar, Chairman of the Board, commented: 'Partnering with carpo allows us to tap into a sophisticated, fast-growing segment with a globally respected brand built on craftsmanship and excellence. It reflects our continued focus on innovation, brand elevation, and delivering differentiated experiences to our customers across the region."
Kostas Kontopoulos, Founder & CEO, carpo, commented: 'At carpo, we believe in creating spaces where people connect through the beauty of exceptional ingredients and timeless craftsmanship. Partnering with Americana, a regional powerhouse with deep operational expertise, enables us to bring the carpo experience to consumers across the Gulf. This marks not just a commercial milestone, but the beginning of a shared vision to elevate consumer experience through heartfelt product offering and service excellence.'
The introduction of carpo aligns with Americana's commitment to building communities around the joy of food, now extended into a luxury retail dimension that prioritizes quality, sustainability, and storytelling.
About Americana Restaurants
Americana Restaurants is the largest out-of-home dining and quick service restaurant (QSR) operator in its 12 countries of operation across the Middle East, North Africa and Kazakhstan.
The Company's portfolio includes a range of iconic global brands, including KFC, Pizza Hut, Hardee's, Krispy Kreme, Peet's Coffee, Wimpy, TGI Friday's, Costa Coffee Baskin Robbins and carpo. Americana Restaurants' customer-centric restaurant platform, which includes 20 proprietary SuperApps, allows customers to experience their favourite global restaurant brands and meals when they want, where they want and how they want.
The Company's historic IPO on the Abu Dhabi Securities Exchange (ADX) and the Saudi Exchange in 2022 marked the region's first-ever concurrent dual-listing. Today, Americana Restaurants is a leading master franchisee and a food and beverage pioneer with decades-long heritage, an extensive geographic footprint, long-standing franchisor relationships and a diverse restaurant portfolio that spans the full out-of-home dining spectrum from QSR to fast casual, coffee and indulgence.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
19 minutes ago
- Zawya
Mideast Stocks: UAE stocks inch higher as geopolitical tensions ease, AI sector shines
Stock markets in the United Arab Emirates closed slightly higher on Friday, buoyed by easing geopolitical tensions and cautious optimism around a potential ceasefire deal between Israel and Hamas as well as Iran's commitment to nuclear non-proliferation. Iran remains committed to the nuclear Non-Proliferation Treaty and its safeguards agreement, Foreign Minister Abbas Araqchi said on Thursday, a day after Tehran enacted a law suspending cooperation with the U.N. nuclear watchdog. Israeli officials said prospects for reaching a ceasefire and hostage deal appeared high, nearly 21 months since the war between Israel and Hamas began. In Dubai, the main stock index ended the day 0.1% higher after spending most of the session in negative territory. The late recovery was driven by a 1.3% gain in Emirates NBD Bank and a 1.2% rise in Dubai Investments. However, Taaleem Holdings, a major operator of international schools, fell 1.2% after reporting a 5% drop in third quarter net profit to 82.03 million dirhams ($22.33 million). Abu Dhabi's benchmark index also edged up 0.1%, supported by strong performances in AI and next-generation technology stocks. Presight AI, a big data analytics firm, surged 14.9% to an all-time high of 3.9 dirhams per share since its listing in March 2023. Space42, an AI-powered space technology company, jumped 10.4%, marking its biggest intraday gain since May 2023. According to Traze CEO Erkin Kamran, AI and tech stocks are likely to remain in favour as the UAE accelerates its push to become a global AI hub. Easing U.S.-China trade tensions and reduced restrictions on AI exports are also expected to attract more investor interest in the sector. For the week, the Abu Dhabi and Dubai indexes logged 1% and 1.2% gains respectively, according to LSEG data. Oil prices - a key catalyst for the Gulf's financial markets - drifted lower on Friday as eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources from the producer group told Reuters, as they seek to regain market share. Brent crude was down 0.7% at $68.29 a barrel by 1204 GMT. ABU DHABI rose 0.1% to 9,981 DUBAI up 0.1% to 5,753
Zawya
an hour ago
- Zawya
Kuwait oil price up $1.05 to $70.10 pb
KUWAIT -- The price of Kuwait oil went up by USD 1.05 to USD 70.10 per barrel (pb) on Thursday as opposed to USD 70.10 on Wednesday, said the Kuwait Petroleum Corporation (KPC) on Friday. Brent futures went down by 31 cents to USD 68.80 pb and West Texas Intermediate fell by 45 cents to USD 67 pb. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
Zawya
an hour ago
- Zawya
Qatar Foundations wins $275mln in construction dispute
Qatar Foundation (QF) has secured a significant legal victory after an International Chamber of Commerce's (ICC) arbitration tribunal ruled in its favour in a hospital construction dispute. The Paris-based ICC awarded the Doha-based state-owned philanthropic organisation approximately one billion Qatari rials ($275 million) in compensation, with an award on costs to follow. The dispute dates back to nearly 20 years and involves the construction of Sidra hospital in the Qatari capital Doha by a joint venture between Spain's Obrascon Huarte Lain and Contrack Cyprus Lt, which is a subsidiary of Egypt's Orascom Construction. Wednesday's ICC decision follows on from an earlier ruling that confirmed that the QF lawfully terminated its contract with the joint venture for the design and construction of Sidra Medicine Hospital. A spokesperson for QF, quoted by the local press, said: 'QF welcomes the award issued by the ICC, which further vindicates QF's position in this long-standing dispute and awards substantial compensation to QF.' He added:'This award underscores QF's commitment to upholding the highest standards of project management and accountability. While we are pleased with the outcome, our primary focus is on ensuring the continued success of Sidra Medicine in providing world-class healthcare to women and children in Qatar and the region. Sidra Medicine is an academic healthcare and research institution dedicated to women, children, and young people. It uses clinical research to deliver personalised care especially for patients suffering from rare and genetic diseases in Qatar, the Middle East and Africa. QF said the full amount awarded of QAR 1 billion will be reinvested into the Sidra Medicine endowment, allowing it to expand its services. QF had first contracted the JV in 2009 to design and construct Sidra Medicine. Due to defaults and delays, QF terminated its contract with the JV in 2014 and commenced arbitration proceedings against the JV. During the arbitration the JV made two unsuccessful applications in 2018 and 2019 to the High Court of England and Wales in relation to partial awards in QF's favour. This latest ruling, which was also reported by Orascom Construction, awards QF substantial compensation following on from previous awards on liability. (Writing by Nadim Kawach; Editing by Anoop Menon)
