The opening is part of an international expansion agreement with Operadora de Restaurantes Orna, a newly formed restaurant group comprised of Grupo Lujor, a Master Wingstop Franchisee from Mexico, and International Brands Panama as the local operating partners. Operadora de Restaurantes Orna and Wingstop have plans to open an additional two locations in 2018, with a long-term goal of ten total locations over the next five years across Panama.
“Expanding Wingstop into our ninth country outside the U.S. continues our growth trajectory towards the brand becoming a top 10 global restaurant brand,” said Larry Kruguer, Chief Operating Officer at Wingstop. “Panama is a major country in Central America with an affinity for American brands, and we’re excited to enter our third country in Latin America with a team that knows our brand so well.”
“We’re honored to be a part of the Wingstop family and eager to bring this exciting and well-respected brand to Panama,” said Stephen Naar, Partner at Operadora de Restaurantes Orna. “We are looking forward to growing our partnership and establishing the brand over the next five years to bring the best of what Wingstop has to offer to Panamanians.”
Panama is the second country outside of the U.S. to offer the Wingstop Sports concept, which includes an expanded menu similar to the one proven successful in Mexico which currently has 65 restaurants. Panama locations will not only offer Wingstop’s well-known variety of wings and sauces, but will also have a full bar and bring exciting flavors to a line of select signature cocktails, appetizers, sandwiches and desserts. With World Cup in full swing, customers can enjoy their wings while watching the more than 12 TV screens and music at the Spot 74 store located in the popular San Francisco neighborhood in Panama City
Founded in 1994 and headquartered in Dallas, Texas, Wingstop Inc. operates and franchises more than 1,100 locations across the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, Colombia and Panama. The Wing Experts’ menu features classic and boneless wings with 11 bold, distinctive flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ, Louisiana Rub, and Mango Habanero. Wingstop’s wings are always cooked to order, hand-sauced and tossed and served with a variety of house-made sides including fresh-cut, seasoned fries. Having grown its domestic same store sales for 14 consecutive years, the Company has been ranked #3 on the “Top 100 Fastest Growing Restaurant Chains” by Nation’s Restaurant News (2016), #7 on the “Top 40 Fast Casual Chains” by Restaurant Business (2016), and was named “Best Franchise Deal in North America” by QSR magazine (2014). Wingstop was ranked #88 on Fortune’s 100 Best Medium Workplaces list in October 2016.
Source – World Franchise Associates
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