Jan. 3, 2013
As Villa Enterprises enters the New Year, a dozen new units are scheduled to open during the first quarter, and the company hopes to open concepts in five additional countries in 2013.
Villa Enterprises is also concentrating on strategic acquisitions and broadening its presence within outlet shopping centers, casinos and airports through both single and multi-unit openings.
These strategies come on the heels of a strong 2012, in which Villa Enterprises Management Ltd. expanded its portfolio, opening concepts in four additional countries, and announced aggressive plans for acquisition.
"We've built remarkable momentum, growing our portfolio and enhancing our offerings across our brands," said CEO Anthony Scotto. "We have always been focused on the future and this year marked an incredible one for Villa Enterprises, putting us in a great position to continue growing our family in 2013."
Villa introduced concepts in Azerbaijan, Turkey, Egypt and Colombia in 2012. The franchisor also sold nearly 50 franchises globally and experienced positive comparative sales across its portfolio.
To fuel the funding of acquisitions, Villa Enterprises announced a seven-year, $15M credit facility in October. The company acquired The Office chain out of bankruptcy in 2011 and acquired Everything Yogurt Brands in 2003.
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