|By PR Newswire||
|April 4, 2014 08:55 PM EDT||
MIAMI, April 4, 2014 /PRNewswire/ -- International Meal Company (Bovespa:IMCH3) is pleased to announce its first joint venture entry into the United States restaurant market. In an effort to expand and strengthen its existing strategic relationship, IMC has joined forces with Margaritaville Enterprises, a leading destination restaurant company. Under the agreement, IMC is purchasing domestic restaurant assets of Margaritaville, including the iconic Las Vegas location at the famed Flamingo hotel in the heart of the Las Vegas Strip, and the operations of twelve signature Margaritaville and LandShark Bar and Grill locations throughout the U.S. As part of its strategic alliance with IMC, Margaritaville will continue to play an on-going role in the restaurant business and provide branding, development, and other services.
IMC has successfully worked with the Margaritaville brand since 2010. IMC currently owns and operates Margaritaville franchise locations at airports in Puerto Rico and Panama with future locations coming to Sao Paulo, Brasilia and Viracopos, Brazil in 2014. Additionally, in conjunction with Margaritaville, IMC has future plans to open additional restaurants across the country, including airports and other captive market locations. As part of this strategic alliance, IMC will have exclusive rights to develop and own Margaritaville venues in the United States and Latin America. At these current and future locations, IMC looks forward to continuing to work within the overall brand management framework of Margaritaville Enterprises that has been successfully created over the years.
"Music to me is the true universal language. The song Margaritaville has taken me to places I never dreamt I would go. Now our success in the restaurant business is taking us all on a new and exciting voyage with our new friends and partners at IMC," Jimmy Buffett said of the alliance. "As a sailor and a flyer, I have always been interested in exploring new ports and new places, and now Margaritaville restaurants will follow in that wake. Our relationship with Javier Gavilan - CEO, Juan Carlos Torres – Chairman, and all the people at IMC over the past several years in our operations in the Caribbean and Central America have set the stage for this new phase and I only see good things for our friends, our employees, and most of all our customers happening as a result of this arrangement. To paraphrase a song I am a little familiar with, we are taking our attitudes to new latitudes. So, let the fin begin."
Javier Gavilan, CEO of IMC, commented, "This strategic alliance is about growing a powerful brand, in segments where we have a lot of experience and a proven track record; airports will be our first priority to develop this great brand and we have already found some very exciting opportunities. We have been partners with Margaritaville in Panama and Puerto Rico. As we got to know Margaritaville's outstanding team through that relationship, we found they shared IMC's values of integrity, concern for employees, and commitment to delivering exceptional value and restaurant experience to our customers. Add to this the company's powerful brand presence, growth potential, and the loyalty the brand inspires in its customers, and we found in Margaritaville the ideal platform for establishing our U.S. presence as a leader in the captive market sector of the restaurant business and food and beverage business at airports."
Margaritaville Enterprises' CEO John Cohlan added, "We have built all of our businesses on great strategic partnerships. As we came to know Javier and the IMC group better from developing our international locations, we realized what a great opportunity it would be for both organizations to expand our partnership and grow our businesses together."
International Meal Company Holdings S.A. (Bovespa:IMCH3) is the leading multi-brand casual and quick-service restaurant operator in Latin America with more than 386 company-owned restaurants and approximately 13,000 employees in Brazil, the Caribbean, and Mexico. IMC's footprint is focused on captive markets with high underlying growth with a strong presence in airports, highways, and shopping malls.
In Brazil, IMC operates its flagship brands Frango Assado and Viena, in the highway and shopping mall sector. These two restaurant brands combined have almost 100 years in the market and are well recognized by customers for their quality of food and service. For the airport segment, IMC has a portfolio of restaurant concepts and well-recognized brands ensuring that they deploy the best format to meet the needs of their customers and the requirements of airport operators.
The company was started in 2006 with the vision of becoming the leading provider of quick quality meals for customers in captive markets in Brazil and Latin America with an aggressive growth plan consolidating highly fragmented markets. Leading the experienced management team is CEO, Javier Gavilan, who has been with the company since its inception. Since 2006, IMC has worked with Advent International, an experienced global private equity firm with over US$24 billion in cumulative capital raised, successfully implementing the company's expansion strategy.
IMC has successfully pursued a strategy of rapid and profitable growth, driven by organic expansion of operations and the accretive acquisition of high quality casual dining chains in the segments and geographic markets in which they operate. In the past 7 years, IMC has opened over 200 new stores and acquired and integrated more than 10 companies in Brazil and Latin America.
Margaritaville delivers an experience where guests can enjoy the sights, sounds and tastes of their favorite vacation destination, whatever their latitude. Inspired by the lyrics and philosophy of Jimmy Buffett, this leading lifestyle brand is comprised of restaurants, retail shops, consumer products, casinos, resorts, vacation ownership, and a national radio station on SiriusXM.
Since launching its first location in Key West in 1987, Margaritaville has expanded to the most popular U.S. and international destinations, including: Orlando, Las Vegas, Myrtle Beach, Panama City Beach, Nashville, Cincinnati, Connecticut, Chicago, Atlantic City and Destin. International locations can be found in the Caribbean, Mexico, the Republic of Panama, Canada, and Australia. LandShark Bar and Grill locations include Myrtle Beach and Atlantic City. New Margaritaville locations are opening this summer in Pigeon Forge, TN and Sao Paulo, Brazil.
Margaritaville Hotels and/or Casinos are located in Pensacola Beach, Biloxi, Bossier City, and Las Vegas.
SOURCE International Meal Company
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Mar. 28, 2017 08:15 PM EDT Reads: 2,304
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
Mar. 28, 2017 07:00 PM EDT Reads: 4,445
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
Mar. 28, 2017 06:15 PM EDT Reads: 386
SYS-CON Events announced today that Auditwerx will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Auditwerx specializes in SOC 1, SOC 2, and SOC 3 attestation services throughout the U.S. and Canada. As a division of Carr, Riggs & Ingram (CRI), one of the top 20 largest CPA firms nationally, you can expect the resources, skills, and experience of a much larger firm combined with the accessibility and atten...
Mar. 28, 2017 06:15 PM EDT Reads: 352
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
Mar. 28, 2017 06:00 PM EDT Reads: 826
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Mar. 28, 2017 04:45 PM EDT Reads: 417
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
Mar. 28, 2017 03:45 PM EDT Reads: 4,112
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Mar. 28, 2017 03:45 PM EDT Reads: 3,086
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to m...
Mar. 28, 2017 03:45 PM EDT Reads: 366
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
Mar. 28, 2017 03:45 PM EDT Reads: 3,768
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Mar. 28, 2017 03:00 PM EDT Reads: 2,096
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Mar. 28, 2017 03:00 PM EDT Reads: 9,632
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Mar. 28, 2017 02:15 PM EDT Reads: 2,182
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
Mar. 28, 2017 02:15 PM EDT Reads: 3,663
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Mar. 28, 2017 02:00 PM EDT Reads: 14,258