|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
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Dec. 7, 2016 06:45 AM EST Reads: 1,984
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Dec. 7, 2016 06:30 AM EST Reads: 1,799
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Dec. 7, 2016 06:15 AM EST Reads: 5,324
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 7, 2016 05:15 AM EST Reads: 1,053
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 7, 2016 04:00 AM EST Reads: 865
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
Dec. 7, 2016 02:00 AM EST Reads: 625
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Dec. 7, 2016 01:45 AM EST Reads: 6,163
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Dec. 7, 2016 01:15 AM EST Reads: 1,879
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Dec. 7, 2016 01:00 AM EST Reads: 1,617
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Dec. 7, 2016 12:45 AM EST Reads: 3,938
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Dec. 7, 2016 12:45 AM EST Reads: 1,244
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
Dec. 7, 2016 12:15 AM EST Reads: 1,377
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dec. 7, 2016 12:15 AM EST Reads: 1,033
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 7, 2016 12:00 AM EST Reads: 1,278
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 7, 2016 12:00 AM EST Reads: 2,127