Such is the case of Wing Zone Panama which has three restaurants in the country, and plans this year to open five new branches, said Adalberto Ferrer managing partner of the chain.
"While Rodrigo Ocampo, director for Latin America Public Relations Services AMGW, stressed that Panama is the first country in the world to open franchise stores, referring to the long awaited arrival of Juan Valdez ® Coffee shop, located in the Trump Ocean Club ® International Hotel & Tower Panama.
Loretta Fadul, Dairy Queen CEO, said they currently have ten branches, including the recently opened at Mile 8 and La Chorrera where they have had a great reception. He added that they hope to soon have new branches in Centennial Square, Plaza Las Americas and other shopping centers", reported Capital.com.pa
Source: Capital.com.pa
More on this topic
February 2012
The history of franchises in Panama began 55 years ago, and today, after all that time and millions invested, opening franchises continues to provide good business opportunities.
Tastee Freez was the first franchise opened in the country 55 years ago, followed by Dairy Queen, two years later, writes Melissa Novoa journalist for Martesfinanciero.com .
March 2012
31 companies in Costa Rica work under this business model, some with foreign expansion.
Most domestic franchises belong to the food and services sector.
Among these are Musmanni (pioneer in the field of franchising, in 1985), Merecumbé(1998), Get Nuts (2002), Maridos de Alquiler (2005), Pane E Vino (2008), Inka Grill (2008) and Atlético Gimnasio y Spa (2008), reported Nacion.com.
December 2008
The Curves El Salvador franchise is in full expansion mode, driving by a specially designed program for working women.
Last September the company which specializes in feminine health care opened a branch in the city of San Miguel, in the east of the country, and to date has more than 200 active members.
January 2012
This is the first of 10 branches that are planned to be opened over the next five years in Panama, by the company JV Panama SA, which owns the franchise.
The new Juan Valdez ® Coffee store will be located in the Trump Ocean Club International - Hotel & Tower Panama.
"Panama has become the tenth country where the Juan Valdez® brand has a presence.
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