AmRest

From Wikipedia, the free encyclopedia

The grammar of this article or section needs to be improved.
Please do so in accordance with Wikipedia's style guidelines.

AmRest Holdings N.V.

Type	Public (WSE: EAT)
Founded	1993
Founder	Donald Kendall Sr
Headquarters	Wrocław, Poland Amsterdam, Netherlands
Area served	Poland, Czech Republic, Hungary, Russia, Bulgaria, Serbia, United States
Key people	Henry McGovern, , Chairman, President and CEO Martin Coles, Chief Operating Officer Wojciech Mroczyński, CFO
Industry	Restaurants
Products	KFC Pizza Hut Burger King Starbucks Applebee's Rodeo Drive Freshpoint
Revenue	▲ € 225.5 million (2007)
Operating income	▲ € 16.9 million (2007)
Net income	▲ € 9.8 million (2007)
Total assets	€ 162.6 million (2007)
Employees	over 15,000 (2008)
Subsidiaries	American Restaurants AmRest Coffee Apple Grove Holding (80%)
Website	http://www.amrest.eu/

American Restaurants (WSE: EAT) is an international fast-food, quick-service and casual dining restaurants operator. Company is primarily based in Wrocław and operates in Poland as well as seven other foreign markets. AmRest has almost 400 restaurants in Central and Eastern Europe and in the United States.

[edit] History

Burger King in Złote Tarasy, Warsaw

In 1993 Donald M. Kendall (father), Donald M. Kendall (son), Christian R. Eisenbeiss and Henry J. McGovern established American Restaurants Services. Company obtained franchise rights to operate Pizza Hut and KFC restaurants in Western Poland. In 1998 American Restaurants expanded its operations outside Poland, by taking over KFC and Pizza Hut outlets in the Czech Republic, previously run by Yum! Brands.

In 2000 AmRest Holding was formed as a joint venture company between American Restaurants and Yum! Brands. In 2001 holding tookover International Fast Food Polska, the operator of the Burger King chain in Poland. All Burger King restaurants were soon converted into KFC. In 2005 company acquired further restaurants in the Czech Republic and Poland becoming the only KFC and Pizza Hut franchisee in those countries. In 2005 company initialed public offering on the Warsaw Stock Exchange. In 2006 AmRest bought 17 KFC and Pizza Hut restaurants in Hungary and launched new Freshpoint and Rodeo Drive brands.

In 2007 AmRest opened first Burger King restaurant in Poland, first KFC restaurants in Serbia and Bulgaria and signed joint venture agreements with Starbucks about opening Starbucks stores in Poland, the Czech Republic and Hungary. In 2008 company signed agreement about opening Burger King in Bulgaria and acquired several restaurants on Russian market. In January 2008 AmRest opened first Starbucks store in Prague, Czech Republic. First Starbucks will be soon opened also in Poland.