Gong cha Signs 30 Unit Agreement for Puerto Rico With Large Multi-Brand Operator [Yahoo! Finance]
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Wingstop Inc. (WING)
Last wingstop inc. earnings: 2/19 07:30 am
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Source: Yahoo! Finance
BOSTON, June 27, 2024 BUSINESS WIRE Gong cha , the world's premier bubble tea brand with nearly 2,200 locations across 24 countries, is pleased to announce the signing of a 30 unit development agreement in partnership with SID Tea LLC. Led by a group of experienced QSR franchisors—including Jose Vazquez, former Vice President of the Puerto Rico Chamber of Commerce, and former President of ASORE (the Puerto Rico Restaurant Association)—the deal comes on the heels of a successful entry into the Puerto Rico market, with the opening of the island's first two stores in San Juan and Manatí in spring 2024. The team is on track to open two additional stores this summer, and a fifth by the end of 2024. Founded in Taiwan in 2006, Gong cha first entered the Americas using a master franchise model. The brand recently introduced opportunities for direct franchising, and signed SID Tea LLC as its first direct franchisors based upon their wealth of operational experience. The leadership team of S
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- Gong cha signs 30-unit deal with SID Tea for expansion in Puerto Rico [Yahoo! Finance]Yahoo! Finance
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WING
Earnings
- 5/1/24 - Beat
WING
Sec Filings
- 6/20/24 - Form D
- 6/7/24 - Form 4
- 6/5/24 - Form 144
- WING's page on the SEC website