UAE Based Kitopi Acquired of Food and Beverage Group AWJ
The rights and administrative powers of the food and beverage group of AWJ have been acquired by cloud kitchen operators of the Kitopi group.
The food and beverage (F&B) firm AWJ has been purchased by UAE-based digital cabinetry business Kitopi for an unknown figure. Sushi Do, Catch 22, Operation Falafel, and Awani are just a few of the takeaway and dine-in businesses owned by the Dubai-based trading firm AWJ. The purchase is consistent with Kitopi’s goal to expand its worldwide influence while supporting and investing in indigenous companies. This helps in supporting the AWJ network and businesses as they strive for expanding into other areas, in addition to Kitopi by boosting their position through their marketplace. The digital culinary structure software via Kitopi will additionally be effective for AWJ (SKOS).
The whole ownership of the food and beverage group of AWJ will now be with the cloud-based kitchen providers of Kitopi with further details of the transaction yet to be disclosed. The team contains approximately ten franchises and 32 locations throughout the UAE and Saudi Arabia. It also has branches in New York and London. Kitopi, based in Dubai includes operations in Saudi Arabia, Kuwait, Qatar, and Bahrain, and provides a cafeteria platform to assist businesses to extend operational services using internet facilities. Kitopi is simply the greatest innovative, digital cafeteria and they have now come up with the news of the acquisition of premier F&B firm AWJ as part of the GCC world’s biggest F&B deals.
AWJ holds the key towards many dine-in facilities and has proven to be highly lucrative when it comes to such business. AWJ’s principles were originally devised and implemented by Co-Founding Chairman Manhal Naser. The firm grew into prominence all over the city of Dubai with these ideologies taken forward by him who has served as the company’s CEO from its inception and Co-Founding Director Tamer Bazzari, who headed the firm’s organizational structure and serves as the Investment Advisor. The firm inaugurated its maiden branch back in 2014 exclusively in the city of Dubai and afterwards extended its inventory in order to encompass more than ten businesses that include catering and meals as well. They eventually end with 32+ stores around the UAE and KSA. Operation Falafel feeds approximately 2 million clients worldwide annually.
Even though the group of AWJ is primarily based in Dubai and UAE, they have franchisees in New York and London as well. They have outgrown themselves as the tycoon in this arena has more than 1300+ staff across borders. While Kitopi strives on its need to conquer the global F&B industry, the purchase declaration is indicative of the company’s continued plan to develop inside and expand well-known provincial businesses before taking these internationally. Kitopi, once characterized as just a virtual cooking firm, currently promotes itself as an industry-leading firm with numerous brands associated across five regions.
The agreement, reportedly for unidentified value, could allow the AWJ team of companies to expand into other areas because Kitopi does have a strong footprint as well as a large chain of branches, opening them as additional prospects and providing the company with additional consumers. AWJ could indeed profit through Kitopi’s revolutionary technology SKOS, which was a key role in the corporation’s initial growth. Although AWJ is hiring a different CEO, the company’s founding crew which made it possible should remain as well as the company still function like a different component to Kitopi’s division.
Kitopi was established in January of 2018 in Dubai, UAE, and maintains operations in Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, and Bahrain. There is also a technological centre in Krakow, Poland, an international consumer interaction centre in Dubai, United Arab Emirates, and an Automation Park in Odense, Denmark.
Image Credits– Kitopi