ALSEA, S.A.B. DE C.V. Mexico City, April 4, 2016. Alsea, SAB de C.V. (BMV: ALSEA *) the leading operator of Quick Service Restaurants, Coffee Shops, Casual and Family Dining establishments in Latin America and Spain, announces the conclusion of the operation concerning the acquisition of the Italian restaurant chain ARCHIE'S assets in Colombia (Archie's Colombia S.A.S).
Established in 1993, ARCHIE'S is the largest Italian food restaurant chain in Colombia and one of the major chains in the country. As of today, the company operates 41 restaurants in 7 major cities in Colombia, with presence in the main shopping centers of the country.
Fabian Gosselin, Alsea's International CEO said: "ARCHIE'S incorporation to Alsea's portfolio is a clear example of our ongoing growth strategy in the region and reaffirms the potential that exists in Colombia for Alsea. With this acquisition we add a leading brand in its segment and with great relevance to the Colombian consumers, which will help us improve the profitability of our operations in South America."
With this operation, the company increases its presence in Colombia with more than 130 units of its different formats.
Citigroup acted as financial advisor and Garrigues as external legal advisor for Alsea.
This press release contains certain forward-looking statements that reflect the current views and/or expectations of Alsea and its management with respect to its performance, business and future events. We use words such as "believe", "anticipate", "plan", "expect", "intend", "target", "estimate", "project", "predict", "forecast", "guideline", "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Alsea is under no obligation and expressly disclaims any intention or obligation to update or revised any forward-looking statements, whether as a results of new information, future events or otherwise.
Alsea is the leading restaurant operator in Latin America and Spain of global brands in the quick service, coffee shop, casual and family dining segments. It has a diversified portfolio, with brands such as Domino's Pizza, Starbucks, Burger King, Chili's, California Pizza Kitchen, P.F. Chang's, Italianni's, The Cheesecake Factory, Vips, El Portón, Foster's Hollywood, La Vaca Argentina, Cañas y Tapas e Il Tempietto. The company operates more than 2,950 units and has more than 60,000 employees in Mexico, Argentina, Chile, Colombia, Brazil and Spain. Alsea's business model includes support for its brands through a Shared Services Center that provides all of the Administrative and Development Processes, as well as the Supply Chain. Alsea has the distinctive as a "Socially Responsible Company" and is one of the top 20 "Best Places to Work" in Mexico.
For more information visit: www.alsea.com.mx
Its shares are traded on the Mexican Stock Exchange under the ticker symbol ALSEA*Diego Gaxiola Cuevas Chief Financial Officer Telephone: (5255) 5241-7151 ri@alsea.com.mx
Alsea SAB de CV issued this content on 04 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 April 2016 20:15:18 UTC
Original Document: http://www.alsea.net/uploads/pdf/en/alsea_concludes_process_adquisition_archies_colombia_sas.pdf
