Latest news with #MichaelKark
Yahoo
21-05-2025
- Business
- Yahoo
Shake Shack and PENN Entertainment Team Up to Bring Popular Burger Brand to Ten PENN Properties
Ten Shacks to Open at PENN Casino Locations Nationwide, Expanding Reach of The Brand's Signature Offerings WYOMISSING, Pa. & NEW YORK, May 21, 2025--(BUSINESS WIRE)--PENN Entertainment, Inc. ("PENN") (Nasdaq: PENN) and Shake Shack Inc. ("Shake Shack") (NYSE: SHAK) today announced a licensing partnership to bring the iconic burger brand to ten of PENN's casino locations throughout the country. The first Shacks are expected to open at Hollywood Casino Toledo, Ohio and River City Casino Hotel in St. Louis, Mo. in 2026, pending customary regulatory approvals. Shake Shack, whose purpose is to Stand For Something Good® is excited to bring its signature quality, hospitality and elevated dining experience to PENN properties nationwide. In partnership with PENN Entertainment, the brand is raising the stakes – delivering craveable flavor and exceptional service to new guests from coast to coast. "Shake Shack is thrilled to be partnering with PENN Entertainment to open ten incredible Shacks and take a meaningful step into the entertainment space," said Michael Kark, President of Global Licensing at Shake Shack. "We continue to explore flexible formats that allow us to expand the Shake Shack brand into new regions of the U.S. Together with PENN, we're creating new opportunities to share our special blend of top-notch ingredients and warm hospitality with even more guests." "This partnership marks another exciting development as we continue to reimagine our properties with refreshed dining and entertainment options," said Todd George, Executive Vice President, Operations, PENN Entertainment. "Shake Shack is a well-known brand that resonates with customers, and we look forward to welcoming them to a core segment of our property portfolio." _____ About Shake Shack Shake Shack serves elevated versions of American classics using only the best ingredients. It's known for its delicious made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. With its high-quality food at a great value, warm hospitality, and a commitment to crafting uplifting experiences, Shake Shack quickly became a cult-brand with widespread appeal. Shake Shack's purpose is to Stand For Something Good®, from its premium ingredients and employee development, 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 over 590 locations system-wide, including over 380 in 34 U.S. States and the District of Columbia, and over 210 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more. Skip the line with the Shack App, a mobile ordering app that lets you save time by ordering ahead! Guests can select their location, pick their food, choose a pickup time and their meal will be cooked-to-order and timed to arrival. Available on iOS and Android. Learn more: | IG: @shakeshack | X: @shakeshack | About PENN Entertainment PENN Entertainment, Inc., together with its subsidiaries ("PENN," or the "Company"), is North America's leading provider of integrated entertainment, sports content, and casino gaming experiences. PENN operates in 28 jurisdictions throughout North America, with a broadly diversified portfolio of casinos, racetracks, and online sports betting and iCasino offerings under well-recognized brands including Hollywood Casino®, L'Auberge®, ESPN BET™, and theScore BET Sportsbook and Casino®. PENN's ability to leverage its partnership with ESPN, the "worldwide leader in sports," and its ownership of theScore™, the top digital sports media brand in Canada, is central to the Company's highly differentiated strategy to expand its footprint and efficiently grow its customer ecosystem. PENN's focus on organic cross-sell opportunities is reinforced by its market-leading retail casinos, sports media assets, and technology, including a proprietary state-of-the-art, fully integrated digital sports and iCasino betting platform, and an in-house iCasino content studio (PENN Game Studios). The Company's portfolio is further bolstered by its industry-leading PENN Play™ customer loyalty program, offering its approximately 32 million members a unique set of rewards and experiences. Forward Looking Statement This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "expects," "believes," "estimates," "projects," "intends," "plans," "goal," "seeks," "may," "will," "should," "look forward to," or "anticipates" or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in PENN Entertainment's filings with the Securities and Exchange Commission (the "SEC"), including PENN Entertainment's current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K for the year ended December 31, 2024. Forward-looking statements speak only as of the date they are made and, except for PENN Entertainment's ongoing obligations under the U.S. federal securities laws, PENN Entertainment undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise. View source version on Contacts Media Contacts: Jeff MorrisVP, Public AffairsPENN Entertainment, 610/373-2400 Meg DavisDirector, Brand Comms & PartnershipsShake Shackmcastranova@ 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
Business Wire
21-05-2025
- Business
- Business Wire
Shake Shack and PENN Entertainment Team Up to Bring Popular Burger Brand to Ten PENN Properties
WYOMISSING, Pa. & NEW YORK--(BUSINESS WIRE)--PENN Entertainment, Inc. ('PENN') (Nasdaq: PENN) and Shake Shack Inc. ('Shake Shack') (NYSE: SHAK) today announced a licensing partnership to bring the iconic burger brand to ten of PENN's casino locations throughout the country. The first Shacks are expected to open at Hollywood Casino Toledo, Ohio and River City Casino Hotel in St. Louis, Mo. in 2026, pending customary regulatory approvals. Shake Shack, whose purpose is to Stand For Something Good® is excited to bring its signature quality, hospitality and elevated dining experience to PENN properties nationwide. In partnership with PENN Entertainment, the brand is raising the stakes – delivering craveable flavor and exceptional service to new guests from coast to coast. 'Shake Shack is thrilled to be partnering with PENN Entertainment to open ten incredible Shacks and take a meaningful step into the entertainment space,' said Michael Kark, President of Global Licensing at Shake Shack. 'We continue to explore flexible formats that allow us to expand the Shake Shack brand into new regions of the U.S. Together with PENN, we're creating new opportunities to share our special blend of top-notch ingredients and warm hospitality with even more guests.' 'This partnership marks another exciting development as we continue to reimagine our properties with refreshed dining and entertainment options,' said Todd George, Executive Vice President, Operations, PENN Entertainment. 'Shake Shack is a well-known brand that resonates with customers, and we look forward to welcoming them to a core segment of our property portfolio.' About Shake Shack Shake Shack serves elevated versions of American classics using only the best ingredients. It's known for its delicious made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. With its high-quality food at a great value, warm hospitality, and a commitment to crafting uplifting experiences, Shake Shack quickly became a cult-brand with widespread appeal. Shake Shack's purpose is to Stand For Something Good®, from its premium ingredients and employee development, 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 over 590 locations system-wide, including over 380 in 34 U.S. States and the District of Columbia, and over 210 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more. Skip the line with the Shack App, a mobile ordering app that lets you save time by ordering ahead! Guests can select their location, pick their food, choose a pickup time and their meal will be cooked-to-order and timed to arrival. Available on iOS and Android. About PENN Entertainment PENN Entertainment, Inc., together with its subsidiaries ('PENN,' or the 'Company'), is North America's leading provider of integrated entertainment, sports content, and casino gaming experiences. PENN operates in 28 jurisdictions throughout North America, with a broadly diversified portfolio of casinos, racetracks, and online sports betting and iCasino offerings under well-recognized brands including Hollywood Casino®, L'Auberge®, ESPN BET™, and theScore BET Sportsbook and Casino®. PENN's ability to leverage its partnership with ESPN, the 'worldwide leader in sports,' and its ownership of theScore™, the top digital sports media brand in Canada, is central to the Company's highly differentiated strategy to expand its footprint and efficiently grow its customer ecosystem. PENN's focus on organic cross-sell opportunities is reinforced by its market-leading retail casinos, sports media assets, and technology, including a proprietary state-of-the-art, fully integrated digital sports and iCasino betting platform, and an in-house iCasino content studio (PENN Game Studios). The Company's portfolio is further bolstered by its industry-leading PENN Play™ customer loyalty program, offering its approximately 32 million members a unique set of rewards and experiences. Forward Looking Statement This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as 'expects,' 'believes,' 'estimates,' 'projects,' 'intends,' 'plans,' 'goal,' 'seeks,' 'may,' 'will,' 'should,' 'look forward to,' or 'anticipates' or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in PENN Entertainment's filings with the Securities and Exchange Commission (the 'SEC'), including PENN Entertainment's current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K for the year ended December 31, 2024. Forward-looking statements speak only as of the date they are made and, except for PENN Entertainment's ongoing obligations under the U.S. federal securities laws, PENN Entertainment undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
Yahoo
13-05-2025
- Business
- Yahoo
Shake Shack Sets Sights on Central America as Global Expansion Heats Up
Through Partnership with Grupo Attie-Multifood Enterprises, Deal Marks Brand's Entry into Panama NEW YORK, May 13, 2025--(BUSINESS WIRE)--It's full steam ahead through Panama for Shake Shack! Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE: SHAK) has partnered with Grupo Attie-Multifood Enterprises to bring the iconic brand to Panama. As part of the deal, the partnership plans to open 12 Shacks across the Panamanian market by 2035, with its first Shack scheduled to open in 2026 - marking an exciting new chapter in the Company's international journey. Shake Shack is proud to partner with Grupo Attie-Multifood Enterprises, a powerhouse Panamanian conglomerate with operations across Panama, Colombia, Chile, and Mexico. They currently operate over 200 in-stores and 200 stores in Latin America, and specialize in real estate, food and beverage, retail, finance, and online entertainment and gaming. "We couldn't be more thrilled to expand into Panama, our first stop in Central America," says Michael Kark, President of Global Licensing at Shake Shack. "Bringing Shake Shack to Central America marks a major milestone as we continue to grow globally, and Panama has always felt like a natural place to begin given its blend of warmth, rich history, and a vibrant culinary scene. Grupo Attie-Multifood Enterprises shares our values of quality, hospitality, and delivering an outstanding guest experience, and their deep expertise in Panama makes them an ideal partner as we plan to open 12 Shacks in the country by 2035." "Partnering with Shake Shack is more than just an expansion—it's a commitment to excellence, community, and growth. We are proud to introduce an internationally recognized brand that shares our dedication to hospitality and quality. Beyond enriching the country's dynamic culinary scene, this collaboration will generate approximately 400 new jobs, fueling economic opportunities and empowering local talent. We look forward to welcoming guests to the shacks we create together, as each one will embody the warmth and authenticity that define Panama," says Hector Ospina, Chief Executive Officer at Multifood Enterprises. Shake Shack, whose purpose is to Stand For Something Good®, will collaborate with local purveyors and producers to create a one-of-a-kind Shack experience in Panama. The menu will showcase Shake Shack's signature offerings – including the ShackBurger®, classic crinkle cut fries, beer, wine and frozen custard – while celebrating local flavors and ingredients. About Shake Shack Shake Shack serves elevated versions of American classics using only the best ingredients. It's known for its delicious made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. With its high-quality food at a great value, warm hospitality, and a commitment to crafting uplifting experiences, Shake Shack quickly became a cult-brand with widespread appeal. Shake Shack's purpose is to Stand For Something Good®, from its premium ingredients and employee development, 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 over 590 locations system-wide, including over 380 in 34 U.S. States and the District of Columbia, and over 210 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more. Skip the line with the Shack App, a mobile ordering app that lets you save time by ordering ahead! Guests can select their location, pick their food, choose a pickup time and their meal will be cooked-to-order and timed to arrival. Available on iOS and Android. Learn more: | IG: @shakeshack | X: @shakeshack | About Attie Group & Multifood Enterprises, S.A. The Attie Group is a diversified business conglomerate based in Panama City, Panama, with operations spanning multiple industries, including real estate, banking, import/export, solar power projects, and textile production. Founded in 1964, the group has established itself as a key player in strategic investments and commercial real estate ventures. Multifood Enterprises, S.A., a subsidiary of the Attie Group, specializes in restaurant operations and food services. The company manages well-known international dining brands in Panama, including Olive Garden, The Capital Grille and Maison Kayser and plays a significant role in the country's hospitality sector. With a focus on quality dining experiences and operational excellence, Multifood Enterprises is a driving force behind the expansion of global restaurant brands in the region. View source version on Contacts Media:Meg Davis, Shake Shackmcastranova@ Investor Relations:Melissa Calandruccio, ICRMichelle Michalski, ICR(844) SHACK-04 (844-742-2504)investor@ Sign in to access your portfolio
Business Wire
13-05-2025
- Business
- Business Wire
Shake Shack Sets Sights on Central America as Global Expansion Heats Up
NEW YORK--(BUSINESS WIRE)--It's full steam ahead through Panama for Shake Shack! Shake Shack Inc. ('Shake Shack' or the 'Company') (NYSE: SHAK) has partnered with Grupo Attie-Multifood Enterprises to bring the iconic brand to Panama. As part of the deal, the partnership plans to open 12 Shacks across the Panamanian market by 2035, with its first Shack scheduled to open in 2026 - marking an exciting new chapter in the Company's international journey. Shake Shack is proud to partner with Grupo Attie-Multifood Enterprises, a powerhouse Panamanian conglomerate with operations across Panama, Colombia, Chile, and Mexico. They currently operate over 200 in-stores and 200 stores in Latin America, and specialize in real estate, food and beverage, retail, finance, and online entertainment and gaming. 'We couldn't be more thrilled to expand into Panama, our first stop in Central America,' says Michael Kark, President of Global Licensing at Shake Shack. 'Bringing Shake Shack to Central America marks a major milestone as we continue to grow globally, and Panama has always felt like a natural place to begin given its blend of warmth, rich history, and a vibrant culinary scene. Grupo Attie-Multifood Enterprises shares our values of quality, hospitality, and delivering an outstanding guest experience, and their deep expertise in Panama makes them an ideal partner as we plan to open 12 Shacks in the country by 2035.' 'Partnering with Shake Shack is more than just an expansion—it's a commitment to excellence, community, and growth. We are proud to introduce an internationally recognized brand that shares our dedication to hospitality and quality. Beyond enriching the country's dynamic culinary scene, this collaboration will generate approximately 400 new jobs, fueling economic opportunities and empowering local talent. We look forward to welcoming guests to the shacks we create together, as each one will embody the warmth and authenticity that define Panama,' says Hector Ospina, Chief Executive Officer at Multifood Enterprises. Shake Shack, whose purpose is to Stand For Something Good ®, will collaborate with local purveyors and producers to create a one-of-a-kind Shack experience in Panama. The menu will showcase Shake Shack's signature offerings – including the ShackBurger ®, classic crinkle cut fries, beer, wine and frozen custard – while celebrating local flavors and ingredients. About Shake Shack Shake Shack serves elevated versions of American classics using only the best ingredients. It's known for its delicious made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. With its high-quality food at a great value, warm hospitality, and a commitment to crafting uplifting experiences, Shake Shack quickly became a cult-brand with widespread appeal. Shake Shack's purpose is to Stand For Something Good ®, from its premium ingredients and employee development, 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 over 590 locations system-wide, including over 380 in 34 U.S. States and the District of Columbia, and over 210 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more. Skip the line with the Shack App, a mobile ordering app that lets you save time by ordering ahead! Guests can select their location, pick their food, choose a pickup time and their meal will be cooked-to-order and timed to arrival. Available on iOS and Android. About Attie Group & Multifood Enterprises, S.A. The Attie Group is a diversified business conglomerate based in Panama City, Panama, with operations spanning multiple industries, including real estate, banking, import/export, solar power projects, and textile production. Founded in 1964, the group has established itself as a key player in strategic investments and commercial real estate ventures. Multifood Enterprises, S.A., a subsidiary of the Attie Group, specializes in restaurant operations and food services. The company manages well-known international dining brands in Panama, including Olive Garden, The Capital Grille and Maison Kayser and plays a significant role in the country's hospitality sector. With a focus on quality dining experiences and operational excellence, Multifood Enterprises is a driving force behind the expansion of global restaurant brands in the region.
USA Today
06-03-2025
- Business
- USA Today
Shake Shack burgers now available on Delta flights out of more cities
Shake Shack burgers now available on Delta flights out of more cities Show Caption Hide Caption Delta to offer Shake Shack burgers on more flights Delta Air Lines' expansion of its partnership with the burger chain means more first class passengers will be able to enjoy Shake Shack burgers on flights from various U.S. cities. Fox - 10 Phoenix Shack Shack burgers are now available on Delta Air Lines flights to four more cities this year, the airline announced this week. As of Tuesday, the fast food chain's burgers are available in first class on flights over 900 miles departing from Atlanta, Los Angeles, New York-LaGuardia, and Seattle. The move comes after a December initial launch out of Boston. Since then, the airline has served more than 10,000 burgers in the sky, according to Delta Managing Director of Onboard Service Stephanie Laster. 'The response has been incredible and we're thrilled to expand this partnership, giving even more Delta travelers the chance to enjoy Shake Shack along their journey," Shake Shack President of Global Licensing Michael Kark said. What does the Shack Shack burger come with on Delta flight? Sorry, first-class passengers: No fries come with the burger. But the cheeseburger is a 100% Angus beef patty topped with cheese served on a toasted potato bun. Customers can customize it with toppings including tomato, lettuce and ShackSauce, all served on the side. The meal also includes chips, a Caesar salad and a dark chocolate brownie, according to a press release from both companies. 'This is part of our work to partner with brands our customers already know and love while continuing to raise the bar for the in-flight experience – whether that's making your favorite cheeseburger available at 35,000 feet, or ensuring you have a variety of fresh meals to choose from that fuel you on your adventure," Laster said. Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@ and follow her on X @nataliealund.
