Kona Grill Signs Development Agreement for Mexico
Kona Grill, Inc., an American grill and sushi bar, announced the signing of a franchise development agreement with Entretenimiento Roma S.A. de C.V. The agreement provides for the development of six Kona Grill restaurants in the cities of Mexico City and Monterrey over the next seven years.
“We are excited to announce a major step forward in our international strategy with the signing of this agreement. Our agreement with Grupo Roma enables us to expand the Kona Grill brand internationally and provides us with another growth opportunity that enhances our ability to deliver shareholder value,” says Berke Bakay, president and CEO.
“We are proud to partner with Kona Grill and be the company’s first franchisee to develop and operate this unique restaurant concept internationally. Kona Grill’s differentiated menu offerings and contemporary design coupled with our local market expertise and strong history of operating successful companies, provides a great foundation for this endeavor,” adds Jose Rodolfo Martinez Montes, CEO and president.