Johny Rockets Franchise Owners in UAE and Oman bought by Al Masah Capital
The Dubai-based private equity corporation Al Masah Capital has contracted for Al Faris Restaurant, which owns the Johnny Rockets franchise in the UAE and Oman. The retailer Marka last month purchased the home-grown restaurant fetter Reem Al Bawadi for Dh315 million, and this month, Audacia Capital, a Dubai-based economics bank, bought a 30 per cent stake in Al Safadi Restaurants. The move yesterday is also evidence that the weak point for mergers and acquisitions in the UAE’s cuisine and beverages section is growing. This follows complete on the heels of two distinct deals. The California-based Johnny Rockets entered the UAE in 1996 with an cafeteria in Jumeirah. Al Masah’s cuisine and beverage arm, Diamond Lifestyle, contracted for the UAE-based operator of the Johnny Rockets burger chain. Diamond Lifestyle declined to devote the figure of the receive but circulating it expects to invest $150m in the category over the later three years. "We glare forward to expanding the