Guyana is on the radar of Wendy’s/Arby’s International, a popular United States restaurant chain, according to a report by the Caribbean Media Corporation.
CMC said that as part of a 10-year Caribbean drive set out in a ‘long-term agreement’, the company which has existing franchises in Puerto Rico and the Bahamas said it will open 24 Wendy’s restaurants in the region starting with , Trinidad and Tobago next year.
Other countries on the Wendy’s radar include Antigua and Barbuda, Barbados, Grenada, Guyana, St Lucia, St Maarten, St Vincent and the Grenadines and Suriname.
“This agreement will enable us to expand Wendy’s brand presence throughout the Caribbean basin,” Wendy’s/Arby’s Group president and chief executive officer Roland Smith said in a statement, according to CMC.
“In the north, our franchise restaurants in Puerto Rico and the Bahamas generate some of the highest annual unit volumes in our international system; and, in the west, we have a growing presence in Central America,” he added.
CMC said that the company has struggled to keep up with its competitors in the United States domestic market and is hoping to emulate the Caribbean success of the KFC brand, where McDonald’s has failed to take off.