Wednesday 30 July 2014
 
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Americana

Global firms eye Kuwait's Americana

Some of the world's major provate equity firms are showing interest in acquiring Americana, the Kuwaiti operator of major food chains. Americana, the operator of KFC, TGI Friday’s, Krispy Kreme and Red Lobster in Kuwait,

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Kuwait's Americana denies bid offers

Kuwait Food Company (Americana) said on Sunday it had no knowledge of any firms interested in buying its business, contrary to recent media reports. "The administration of the company has no knowledge of this matter. The admi

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Private equities eye stake in Kuwait's Americana

Private-equity firms KKR & Co LP and TPG Capital are among the groups looking to buy a majority stake in food retailer Kuwait Food Co SAK, better known as Americana, Bloomberg reported, citing people familiar with the matter.

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Kuwait’s Americana Q1 profit rises 10.4pc

Kuwait Food Co, which sells goods under the Americana brand name, reported a 10.4 percent increase in first-quarter net profit on Sunday. The company made 18.1 million dinars ($64.4 million) in the first three months of 2014, up f

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Americana’s KFC campaign wins top honours

Americana Group’s marketing campaigns for KFC Arabia has been recognised with an award at the 2014 Internationalist Awards for Innovation in Media and two other wins at the regional 2014 Dubai Lynx Award. “Once again,

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Kuwait Food 'unaware of potential stake sale'

Kuwait Food (Americana) is not aware of any potential stake sale by its majority shareholder, its chairman said on Sunday.   Sources told Reuters recently that Kuwait's billionaire Al-Kharafi family was looki

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Kuwaiti family mulls sale of Americana group

Kuwait's billionaire al-Kharafi family is looking to sell Americana, one of the Middle East's largest food companies, and has hired bankers to explore a deal, four sources familiar with the matter told Reuters. There is no

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Batelco telecom solutions for Americana unit

Batelco, Bahrain’s leading telecom services provider, is set to provide a complete communications solution to the Bahrain and Kuwait Restaurant Company, which is a part of the Americana Group. The solutions will include unif

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PepsiCo, Americana mark 40-year tie-up

PepsiCo renewed its partnership agreement with leading restaurant, food processing, distribution, and retail company Americana Group and celebrated 40 years of working together in the Mena region. The two companies also discussed

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TGI Friday's opens new branch in Sharjah

TGI Friday's, an international chain focusing on casual dining, with over 1000 restaurants in 58 countries, has opened its 11th branch at Al Majaz Park area in Sharjah. A franchise of Kuwait food company Americana, TGI Friday's had

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