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Article: Middle East accords: A Cinnabon franchisee steps up expansion in Dubai to cater to tourists and a wealthy and diverse local population.(WORLD PARTNERS)
- Article from:
- Chain Leader
- Article date:
- June 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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[ILLUSTRATION OMITTED]
You don't want to know how much Walid Hajj is paying to rent space for two tiny Cinnabon units at the Dubai Mall, scheduled to open in August in Dubai, the booming city some are calling "the pearl of the United Arab Emirates."
Really, you don't. Nobody ponies up that kind of dough for a spot in a food court.
Even if you did, Hajj wouldn't tell you. He'll just say that until he inked the confidential lease, his highest food-court rent, in the palatial Mall of the Emirates, was half as much as the new one.
What is he supposed to do? His company, Cravia Inc., is headquartered in Dubai and already operates a dozen ...