Quiznos details global expansion, taps new c.e.o.
August 19, 2008
by Eric Schroeder
DENVER — Quiznos, a quick-service restaurant chain offering sandwiches, soups and salads, has unveiled plans to significantly expand its international operations.
Already with 5,000 franchise restaurants worldwide, Quiznos said it has signed development deals to add restaurants in the United Arab Emirates, Saudi Arabia, Eastern Europe and the Dominican Republic.
The announcement comes just a few weeks after Quiznos signed a 10-year deal to develop 100 restaurants in India and a 10-year deal to develop 175 units in Brazil. The company also is in talks to introduce the Quiznos concept in Singapore, China and Ecuador. Currently, Quiznos operates in the United States, Canada, Central America, the United Kingdom, Korea and the Middle East.
In total, the company plans to open at least 500 international restaurants over the next two years.
"Quiznos intends to significantly increase its international efforts and expects to achieve continued growth and expansion into new markets around the globe," said David Deno, chief executive officer and president.
In a separate announcement, Mr. Deno was promoted from president to president and c.e.o. He succeeds Greg Brenneman, who has been named executive chairman of the board.
Prior to joining Quiznos, Mr. Deno was managing director at CCMP Capital Advisors, L.L.C. Earlier, he spent more than 15 years with Yum! Brands and PepsiCo, including as chief operating officer and chief financial officer. Prior to joining Yum!, Mr. Deno worked in various finance, real estate and operations management posts at Burger King Corp.