Brinker International Signs Franchise Agreement to Develop Restaurants in Toronto
Brinker International, Inc. (NYSE:EAT) announced an agreement with Top Down Enterprises, Inc. (TDE) to develop five new Chili's Grill & Bar(R) restaurants in the Southwest Greater Toronto Area including Brampton, Hamilton, Kitchener, Mississauga, Richmond Hill and Oakville.
Under the agreement, TDE, a new franchise partner of Brinker, is expected to develop all five restaurants by 2013.
"As Brinker continues disciplined and aggressive international expansion, we continue to look for areas with great growth potential, and Toronto certainly provides us with such an opportunity," said Greg Walther, President of Global Business Development for Brinker International. "Our Chili's brand already has a presence in Saskatchewan and Alberta, and now we're excited to work with TDE to bring these restaurants to the largest city in Canada."
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