
Fogo de Chão Continues Global Expansion, Opens First Restaurant in Ecuador
Leading Restaurant from Brazil Opens First Ecuador Location at the JW Marriott in Quito
DALLAS, June 28, 2023 (GLOBE NEWSWIRE) -- Fogo de Chão, the internationally renowned restaurant from Brazil that allows guests to make discoveries at every turn, today announced the opening of its first restaurant in Quito, Ecuador. The opening marks the brand’s ninth location in South America and comes as part of a recently signed franchise development agreement with the Eljuri Group to bring three Fogo restaurants to Ecuador in the coming years. The Quito opening also proceeds Fogo’s expansion into key U.S. markets including Lynnwood, Wash., National Harbor, Md., Woodland Hills, Calif., and Paramus, N.J., with more openings planned for later this year.
The new restaurant is located within the JW Marriott, Quito’s premier luxury hotel and travel destination for locals and travelers alike. The new location features enhanced design and innovation platforms in a warm, timeless and approachable setting that complements the local Quito culture. Upon entering the restaurant, guests are welcomed by our signature churrasco grills and a glass enclosed terrace and Bar Fogo area for guests to enjoy all-day happy hour and views of the Ecuadorian sky year-round. Dry-aged meat lockers for in-house aging display indulgent cuts such as a 32 oz. Long bone Tomahawk Ribeye, aged for a minimum of 42 days for rich flavor. The restaurant also features a white Carrera marble Market Table and Fogo’s signature bas-relief interpretation of the O’ Lacador statue, the embodiment of the gaucho culture.
“We are thrilled to open our doors in Quito and are eager to continue expanding in Ecuador through our collaboration with the talented team at the Eljuri Group,” said Barry McGowan, CEO of Fogo de Chão. “This opening marks a monumental step for us as we continue to strategically execute our global growth plans.”
With operations in the U.S., Latin America, South America, and Europe, the Eljuri Group manages a portfolio of well-known, international hospitality, retail and automotive franchises including JW Marriott, Hilton, Wendy’s, Volkswagen, Hyundai and KIA.
“Fogo de Chão’s dining experience rooted in rich South American culture and history is the perfect addition to the dining scene at the JW Marriott here in Quito,” said Juan Pablo Eljuri, Chairman of the Eljuri Group. “Fogo is a welcome addition to our portfolio of brands and we are looking forward to continuing to expand the brand presence in Ecuador with additional locations soon.”
Founded in Southern Brazil in 1979, Fogo de Chão is a 45-year-old brand known for its dining experience of discovery and showcasing the culinary art of churrasco where guests can watch as gaucho chefs butcher, hand-carve and grill high-quality cuts of protein over an open flame. With a warm, timeless design and signature offerings including a fresh and seasonal Market Table and an award-winning Bar Fogo menu featuring hand-crafted cocktails and South American wines, Fogo has become a destination of choice by both brand advocates and new guests globally.
For more information about Fogo de Chão, visit fogo.com. To learn more about global franchising opportunities, visit fogo.com/global-development/.
About Fogo de Chão
Fogo de Chão (fogo-dee-shown) is an internationally renowned restaurant that allows guests to discover what’s next at every turn. Founded in Southern Brazil in 1979, Fogo elevates the centuries-old cooking technique of churrasco – the art of roasting high-quality cuts of meat over an open flame – into a cultural dining experience of discovery. In addition to its Market Table and Feijoada Bar – which includes seasonal salads and soup, fresh vegetables, imported charcuterie and more – guests are served simply-seasoned meats that are butchered, fire-roasted and carved tableside by gaucho chefs. Guests can also indulge in dry-aged or premium Wagyu cuts, seafood a la carte, All-Day Happy Hour including signature cocktails, and an award-winning South American wine list, as well as smaller, sharable plates in Bar Fogo. Fogo offers differentiated menus for all dayparts including lunch, dinner, weekend brunch and group dining, plus full-service catering and contactless takeout and delivery options. For locations and more information about Fogo de Chão, visit fogo.com.
About Eljuri Business Corporation
The Eljuri Business Corporation leads more than 120 companies within 12 industries, including: Insurance, Ceramics, Cars, Motorcycles, Beverages, Energy, Financial Services, Home Appliances, Logistics, Hospitality, and Telecommunications. Their extensive experience and knowledge in these fields have allowed for their steady and solid growth, establishing themselves as one of the most important business references in the region.
Today, the Eljuri Business Corporation employs more than 10,000 people, demonstrating their commitment to the development of human talent and contributing significantly to the country's economy.
Media Contact:
FogoPR@icrinc.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f89e378c-afeb-43ec-9bb0-61b6d3fa2bcd
https://www.globenewswire.com/NewsRoom/AttachmentNg/99191579-aa81-4661-8789-91669a2001fc
https://www.globenewswire.com/NewsRoom/AttachmentNg/e2eda1e0-70c2-40f4-8388-c2f9e739fbd7
https://www.globenewswire.com/NewsRoom/AttachmentNg/0dcb93ae-1270-4a05-99e5-909b4a5fc637
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release
Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a
DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release
Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68
Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release
Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release
AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us
Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin