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Companies in the News
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Church’s Chicken Expands to U.K. and Beyond
The rapid U.K. expansion is principally made possible by an agreement between Church’s, a subsidiary of Atlanta-based Cajun Operating Co., and existing Dixy Fried Chicken restaurants, which are converting their locations to Texas Chicken franchises. The move substantially increases Church’s/Texas Chicken’s presence in the U.K., a key market in the quick service restaurant industry. It also doubles the company’s international franchises and will allow Texas Chicken to challenge Kentucky Fried Chicken in the U.K. “Currently in the U.K., there are no strong players to compete with KFC,” said Harsha Agadi, CEO of Church’s Chicken. The U.K. isn’t the only international market targeted by Church’s/Texas Chicken. The company has been serving up its home-style chicken internationally since 1979 and now has restaurants in 19 countries. In December, the chicken chain opened its first two restaurants in Russia, and it plans to continue its expansion in the region by opening up 100 restaurants in Russia, Belarus and Ukraine over the next seven years. According to the company’s Web site, Texas Chicken also has locations Indonesia, Jordan, Kuwait, Saudi Arabia and the United Arab Emirates. International Church’s Chicken franchises can be found in Canada, Costa Rica, Guyana, Honduras, Mexico, Philippines, Puerto Rico, Trinidad and Tobago, Venezuela and the Virgin Islands. According to a press release, the company is planning to open restaurants in India later this year. Church’s Chicken was founded in 1952 in San Antonio. Visit www.churchs.com. HSW International Spins Off Two Businesses, Raises $18.4M
HSW said that China Trend Holdings, whose sole shareholder Wei Zhou was the chief executive and a significant stockholder of Intac prior to HSW's acquisition, will acquire the noncore businesses, a wireless telephone training program and educational software. Additionally, China Trend Holdings would transfer to HSW 5 million of HSW International shares held by Mr. Zhou. HSW, which offers translated versions of the U.S.-based site HowStuffWorks.com to viewers in China and Brazil, said it plans to sell the 5 million shares to two affiliates of Asian equity fund Eastern Advisors LLC.
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Giant Cranes Bring ‘Promise of Future Growth’ to Port of Savannah
Fully assembled, the post-Panamax cranes are the largest of their kind in the world. They’re approximately 480 feet long, weigh 1,360 tons and rise 367 feet above the water with a 34-degree incline. But more important than the sheer physical size of the cranes is their potential economic impact on the Port of Savannah, already the fastest-growing port in the nation. “They represent the promise of future growth and opportunity for our community and the state of Georgia,” said Doug Marchand, executive director of the Georgia Ports Authority. The cranes, ordered from Hyvinkaa, Finland-based Konecranes VLC, will help the ports authority reach its growth goal of doubling Twenty-foot Equivalent Unit (TEU) volume to 6.5 million containers at the port’s Garden City Terminal by 2015. The “electrified” cranes are estimated to save 500,000 gallons of diesel per year and cut greenhouse gas emissions substantially, according to a ports authority press release. “Georgia’s ports are committed to growing our terminals and our business in an environmentally friendly way,” said Curtis Foltz, the ports authority’s chief operating officer. “The arrival of these new cranes is a part of that ongoing effort.” The Savannah Morning News reported that crowds gathered on the shores of the Savannah Harbor to watch the vessel carrying the tall cranes pass them under the Eugene Talmadge Memorial Bridge room to spare.
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