Amer Group's unit inks franchise rights deal for three restaurants

These restaurants include Studio Masr, Carino’s, and Coffeechino

Cairo – Mubasher: Amer Group Holding Co announced that its subsidiary Tropicana for Projects Co signed a franchise rights deal with Olive Tree for a number of restaurants.

These restaurants include Studio Masr, Carino’s, and Coffeechino, the company said in a bourse disclosure on Thursday.

The franchise rights do not include the management or operation of any malls, the disclosure showed.

In the first half (H1) of 2021, Amer Group Holding Co achieved consolidated net profits of EGP 176.02 million, up from EGP 27.6 million In H1-20, including minority shareholders' rights.

Source: Mubasher

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