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American burger chain Five Guys announces a refinancing operation that will provide the funds for its European expansion in the coming years.
Joint venture
According to Sky News, Five Guys has signed a new five-year deal with lenders, including Britain’s largest major banks, for 185 million pounds (210 million euros). The money will serve to further expand its European operations.
The chain launched in the United Kingdom in 2013, where it now has nearly 180 outlets and around 5,500 employees. The food service company also operates in Belgium, France, Germany, Italy, the Netherlands, Spain and Sweden, among other countries. The European arm is a joint venture between Charles Dunstone’s investment vehicle Freston Ventures and the founding Murrell family, each owning half of the joint venture.
