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December 10, 2018updated 11 Dec 2018 7:04am

A&W Food Services to add 46 restaurants to royalty portfolio

A&W Food Services of Canada and A&W Revenue Royalties Income Fund are set to add 46 new restaurants to A&W's royalty portfolio by 5 January next year.

A&W Food Services of Canada and A&W Revenue Royalties Income Fund are set to add 46 new restaurants to A&W’s royalty portfolio by 5 January next year.

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Opened between 8 September 2017 and 6 September 2018, royalties from the new restaurants will be paid to A&W Trade Marks Limited Partnership. The move will expand the number of A&W restaurants in the royalty pool to 934.

A&W Food Services’ president and CEO Susan Senecal said: “We are very pleased to be adding 38 net new A&W restaurants to the royalty pool. A&W Food Services has opened more than 115 new A&W restaurants across Canada in the last three years.

“We are delighted with this pace of growth, particularly in Ontario and Quebec, which are our most important growth markets.”

“A&W Food Services has opened more than 115 new A&W restaurants across Canada in the last three years.”

The company expects that the newly added restaurants will generate annual sales of $63.78m, which includes net estimated annualised sales of $57.48m from 38 restaurants and $4.79m from eight locations that are now permanently closed.

In addition, A&W Food Services has filed an early warning report regarding an increase in its ownership of securities, which is indirectly exchangeable for limited voting units of the fund.

Before 7 December, A&W Food Services had ownership and control of securities indirectly exchangeable for 4,106,616 limited voting units of the fund. This accounts for 24.7% of the outstanding voting securities of the fund, on a completely diluted basis.

A&W Food Services is a quick-service hamburger restaurant chain in Canada, offering a range of menu choices, including The Burger Family, Chubby Chicken and A&W Root Beer.

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How is technology having an impact on Consumer buying behavior?

As the world rapidly becomes more connected, it is important for brands to understand the impact that improved technology is having on consumer purchasing behaviors. To react effectively, brands must know how to engage with increasingly digitally savvy consumers. GlobalData’s latest Trend Tracker report provides an analysis of Digital Lifestyles – one of GlobalData's top consumer trends for 2022. The report includes an overview of how digital lifestyles are evolving, including the significant impact that the COVID-19 pandemic had on accelerating digitalization, and how this trend is emerging across different Consumer sectors. Key features included in the report:
  • A breakdown of the trend’s prominence across sectors
  • Insights into consumer online penetration, preferred electronic devices and engagement
  • The key drivers and challenges impacting the digital lifestyles trend
  • A spotlight on key innovations set to reshape the consumer landscape
  • Analysis of what’s next for digital innovations and how brands can leverage the trend
Download this report to keep in touch with the more digital consumer.
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