![]() We have the critical mass to do the marketing and to have some supervisors there and to have the right people in the right place to take care of the chain and grow it,” Lefebvre said. “It’s increases our footprint in the West. Koryo has 20 mostly franchised restaurants in Alberta, British Columbia, Ontario, Quebec and Saskatchewan generating annual sales of more than $8 million. The company said it will acquire restaurant chain Koryo Korean BBQ Franchise Corp. Sub acquisition is the second that MTY announced this week. Quiznos, based in Denver, Colo., is the second-largest submarine sandwich shop chain in North America, after Subway, with more than 4,000 Quiznos shops in the U.S. Subway, based in Milford, Conn., has about 35,000 restaurants around the world, with nearly 2,700 shops in Canada. The sub shop business is intensely competitive in Canada, with major American chains, Subway and Quiznos, expanding aggressively in many markets and having about 3,000 restaurants between them. Sub generated sales of more than $100 million, it said. Sub is in line with its strategy to acquire profitable chains that diversify its food offerings and strengthen its market share. They execute well across all of their brands and adding some of that expertise into the existing Mr. “Generally speaking, MTY has proven themselves to be very solid operators. “Much of MTY’s exposure right now is through the food courts and it’s still quite heavily weighted towards Quebec,” Krestell said from Toronto. ![]() analyst Michael Krestell said the acquisition diversifies MTY’s offerings outside food courts and adds to its reach. It’s too soon to say if there will be any changes to Mr. Will the Rogers Sugar strike affect holiday baking plans? Here’s what to know.3 brands of cantaloupe recalled across Canada due to risk of salmonella. ![]()
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