CARROLS FOCUSES ON GROWTH IN THE FINNISH MARKET - CARROLS SELLS ITS RESTAURANTS IN ESTONIA TO HESBURGER
The Carrols chain focuses on increasing its activities in Finland, in line with its strategy. The chain’s Estonian subsidiary Carrols AS sold its restaurant operations in Tallinn to Hesburger AS. An agreement about this was signed today. Carrols AS has three restaurants in Tallinn: a hamburger restaurant in the same building as the Viru hotel and two drive-in hamburger restaurants in the Tallinn area.
The Carrols chain has doubled its sales and the number of its restaurants in Finland during the past three years, according to Carrols Oy’s Managing Director Kari Kivikoski. – We continue to concentrate our efforts on growth in the Finnish market. In Finland, the number of the Carrols restraurants will increase to 100 within the next few years. The current number of the restaurants is 71. We also aim at extending the Coffee Shop chain, started in summer 2000 and now at the pilot phase, to cover the whole country.
Sentra sold the Carrols chain’s business operations to Kesko Corporation in 1997, when Carrols became a subsidiary wholly owned by Kesko. This deal also transferred the business operations established by Sentra in Tallinn and Russia. In line with its strategy, the Carrols chain has already earlier disposed of its business activities in Russia.
In 2000, the sales of the Carrols chain in Finland totalled FIM 370 million, which is about EUR 62 million (FIM 325 million, or EUR 55 million in 1999), and the average number of personnel was 1,500. In addition to the hamburger chain, Carrols currently operates four Drop Coffee Shops.
Further information:
