The Dairy Queen® System Announces Plans to Develop 50 DQ Grill & Chill® Locations in Korea Over the Next Five Years
MINNEAPOLIS–(BUSINESS WIRE)–International Dairy Queen, Inc. today announced the signing of a
multi-unit development agreement to expand into the Republic of Korea
with plans to open 50 DQ Grill & Chill locations within the
next five years.
The agreement is with the privately held M2G USA Investment, Inc., whose
diversified business portfolio includes ownership of restaurants,
hotels, public storage businesses, household appliance manufacturing,
shoes and an extensive global real estate portfolio.
“The DQ® brand continues to expand in new
international markets,” said John Gainor, President and CEO of
International Dairy Queen, Inc. (IDQ). “We are looking forward to
working with M2G USA Investment to bring our renowned menu, signature
treats and quality service to the Republic of Korea.”
The DQ Grill & Chill locations in Korea will serve a full
range of food options including its signature GrillBurgers™, fan
favorite chicken strip baskets, chicken sandwiches, a variety of salads
and sandwiches. The DQ Grill & Chill restaurants will also
feature the full menu of its world famous DQ treats, including
the signature Blizzard® Treats, MooLatté Frozen
Coffee Flavored Beverages, soft-serve cones with the signature curl on
top, sundaes and DQ Cakes.
“Our goal is to be the most desirable QSR (Quick Service Restaurant)
company in Korea that believes in the vision of people, product and
process,” said John Park of M2G USA Investment, a partner in the
ownership of Taco Bell restaurants in Korea and in the U.S. “DQ
is one of the most respected, exceptional and popular brands in the
world. We are thrilled to partner with the DQ system here in
Korea.”
The DQ system has more than 6,700 locations with more than 2,200
of those units operating outside of the United States. For more
information about the DQ system, visit DQ.com.
International Dairy Queen is a subsidiary of Berkshire Hathaway Inc.
which is led by Warren Buffett, the legendary investor and CEO of
Berkshire.
About IDQ:
International Dairy Queen Inc., (IDQ), based in Minneapolis, Minnesota,
is the parent company of American Dairy Queen Corporation. Throughout
its subsidiaries, IDQ develops, licenses and services a system of more
than 6,700 locations in the United States, Canada and more than 25 other
countries. IDQ is a subsidiary of Berkshire Hathaway Inc. (Berkshire)
which is led by Warren Buffet, the legendary investor and CEO of
Berkshire. For more information visit DairyQueen.com.
Contacts
For International Dairy Queen, Inc.
Media Contact:
EmmaJean
Livingston, 954-776-1999, ext. 242
Elivingston@piersongrant.com
