Brands

Herfy signs MoU with EatRite Food Services to open 50 branches in Nigeria.

Herfy Food Services Co. signed a non-binding memorandum of understanding (MoU) with EatRite Food Services, granting it franchise rights to open 50 Herfy restaurant branches in Nigeria, the company said in a statement to Tadawul today, March 1, 2021.

Read:  Nigerian firm signs sales agreement with US-based ISCO

The period of the MoU is 90 days. Herfy plans to open new branches in Nigeria over 10 years, with an average of five branches every year starting 2021.

The agreement is in line with Herfy’s plans to grow internationally, in accordance with the Vision 2030. The firm is also looking to ensure presence in the Far East, GCC countries and Africa.

Read:  Keystone Bank launches online platform to empower SMEs

The financial impact of the announcement cannot be determined at this stage, the statement said, adding that there are no related parties.

Source: argaam.com

Related posts

OMO concludes plastic recycling awareness campaign in Lagos, set to expand program across Nigeria.

NigGal

Fidelity Bank Emerges Winner for The Highest Disbursement to DBN-Focused Locations Award.

NigGal

Indomie search team hits field for 2019 potential heroes.

NigGal

Access Bank ‘W’ Initiative facilitates yet another successful childbirth through Maternal Health Service Support.

NigGal

AFF, Access Bank deepen digital inclusion for students with tech-focused summer camp.

NigGal

Fidelity Organises Campus Activation, Targets Increased Customer Base

NigGal

Leave a Comment