Franchisor and operator of full-service restaurant chains in the US Denny’s has entered into an agreement with Musiet Group to develop ten new Denny’s restaurants in Chile over the next 15 years.
According to the terms of the deal, Musiet Group has exclusive rights to open units in the country with the restaurant slated to open in Santiago in 2013.
Denny’s president and chief executive officer John Miller said that the new deal is the company’s first major expansion in South America and is one of the brand’s largest international development agreements to date.
American restaurant operator Denny’s currently operates over 1,684 franchised, licensed, and company-owned restaurants across the US, Canada, Costa Rica, Mexico, Honduras, Guam, Curaçao, Puerto Rico, Dominican Republic and New Zealand.
As Denny’s approaches its 60th anniversary and 1,700th location, the Company anticipates that the Denny’s brand will become one of the largest American full service brands in the world.
The Musiet Group is a family operated company with diversified holdings throughout Chile that include being the master franchisee for Ruby Tuesday, a US based casual dining restaurant chain, and developing local restaurant concepts in Santiago, Chile.
The group also owns and operates PAL Airlines which services routes throughout Chile and other international destinations in Central and South America.