{"id":32626,"date":"2022-12-15T20:08:43","date_gmt":"2022-12-15T15:08:43","guid":{"rendered":"http:\/\/myanmarnewsgazette.com\/?guid=f6729854a960ae4136c46c09b10630d4"},"modified":"2022-12-15T20:08:43","modified_gmt":"2022-12-15T15:08:43","slug":"fogo-de-chao-announces-expansion-into-bolivia-for-the-first-time","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/fogo-de-chao-announces-expansion-into-bolivia-for-the-first-time\/","title":{"rendered":"Fogo de Ch\u00e3o Announces Expansion Into Bolivia for the First Time"},"content":{"rendered":"

Leading restaurant from Brazil continues international growth momentum with signing of franchise agreement<\/h4>\n
\n
\n
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Fogo BarraShopping<\/h5>\n<\/div>\n
\n
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Earlier in 2022, Fogo de Ch\u00e3o opened the doors to its newest Brazil location at Rio de Janeiro\u2019s BarraShopping, one of the largest retail and dining destinations in South America.\u00a0https:\/\/fogodechao.com\/newsroom<\/p>\n<\/div>\n<\/div>\n

DALLAS, Dec. 15, 2022 (GLOBE NEWSWIRE) — <\/span>Fogo de Ch\u00e3o<\/a>, the internationally-renowned restaurant from Brazil that allows guests to make discoveries at every turn, today announced its planned entrance into Bolivia with the signing of a franchise development agreement with Ventura Brands LLC. Ventura Brands LLC is part of The DAHER Group of Companies and is set to develop three Fogo locations in Bolivia. The DAHER Group includes several well-known companies across industries such as retail, restaurants, luxury automotive services and technology. This announcement follows Fogo\u2019s recently announced plans to enter\u00a0<\/span>Costa Rica<\/a>,\u00a0<\/span>El Salvador<\/a>,\u00a0<\/span>Canada<\/a>\u00a0and the\u00a0<\/span>Philippines<\/a>\u00a0and marks a significant step in the company\u2019s execution of its international expansion plans. The DAHER Group joins Fogo\u2019s existing international franchise partners in Canada, Philippines, Mexico and the Middle East.<\/span><\/p>\n<\/div>\n<\/div>\n

\n
Fogo Queens<\/h5>\n<\/div>\n
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In December 2022, Fogo opened its newest New York City restaurant in Queens across from Queens Center Mall.\u00a0https:\/\/fogodechao.com\/newsroom<\/p>\n<\/div>\n<\/div>\n

With 70 locations worldwide and growing, earlier this year Fogo announced a 15 percent planned annual growth rate through company-owned restaurants, with an additional international capital light franchise development strategy. This includes 8-10 company-owned restaurants and 1-2 international franchise restaurant openings this year, backed by a strong pipeline of new restaurant development, to meet demand in new and existing markets. Fogo\u2019s newest openings include restaurants in El Segundo, Calif., Coral Gables, Fla., Friendswood, Texas, Rio de Janeiro, Brazil, Queens, N.Y., Reston, Va. and Monterrey, Mexico.<\/p>\n

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Fogo Reston<\/h5>\n<\/div>\n
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Fogo opened the Reston, Va. location in December 2022, marking the 70th location globally for the brand.\u00a0https:\/\/fogodechao.com\/newsroom<\/p>\n<\/div>\n<\/div>\n

\u201cAs a company founded in Southern Brazil, we are honored to partner with Abdallah Daher, Founder & CEO and Sergio Loma, General Manager, and their accomplished team at The DAHER Group and Ventura Brands to bring Fogo to our Bolivian neighbors,\u201d said Barry McGowan, Chief Executive Officer of Fogo de Ch\u00e3o. \u201cThis agreement marks an important step as we continue to scale our brand internationally. We look forward to bringing the culinary art of churrasco to Bolivia and welcoming our local guests soon.\u201d<\/p>\n

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Fogo Coral Gables<\/h5>\n<\/div>\n
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Guests can enjoy new brand extensions such as the Next Level Lounge and The Butchery in the recently opened Coral Gables, Fla. Location.\u00a0https:\/\/fogodechao.com\/newsroom<\/p>\n<\/div>\n<\/div>\n

Founded by Abdallah Daher, The DAHER Group operates prominent and respected businesses across several sectors. Additionally, The DAHER Group owns and operates Ventura Mall, the largest, most successful mall in Bolivia and franchises several retail and restaurant brands within the mall including Hard Rock Caf\u00e9, Johnnie Rockets, Mango, Calvin Klein, Hugo Boss and Armani Exchange. Sergio Loma, General Manager of Ventura Mall, will oversee the development of the Fogo brand in Bolivia.<\/p>\n

\u201cWe are proud to partner with Fogo de Ch\u00e3o and see tremendous value in the brand that has proven success across the globe,\u201d said Abdallah Daher, Founder of The DAHER Group. \u201cIncredible hospitality and fire-roasted steaks are such an important part of the Bolivian dining culture. We believe Fogo\u2019s upscale dining experience will be celebrated by locals and visitors alike.\u201d<\/p>\n

Founded in Southern Brazil in 1979, Fogo de Ch\u00e3o is a nearly 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 modern, 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.<\/p>\n

For more information about Fogo de Ch\u00e3o, visit\u00a0fogo.com<\/a>. To learn more about global franchising opportunities, visit\u00a0fogo.com\/global-development\/<\/a>.<\/p>\n

About Fogo de Ch\u00e3o<\/u><\/strong>
\nFogo de Ch\u00e3o (fogo-dee-shown) is an internationally renowned restaurant that allows guests to discover what\u2019s next at every turn. Founded in Southern Brazil in 1979, Fogo elevates the centuries-old cooking technique of churrasco \u2013 the art of roasting high-quality cuts of meat over an open flame \u2013 into a cultural dining experience of discovery. In addition to its Market Table and Feijoada Bar \u2013 which includes seasonal salads and soup, fresh vegetables, imported charcuterie and more \u2013 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 Ch\u00e3o, visit\u00a0fogo.com<\/a>.<\/p>\n

About DAHER Group<\/u><\/strong>
\nThe Daher Group is a representative and successful business conglomerate in Bolivia with more than 40 years of commercial and business history, recognized for its contribution to business development and developer of highly recognized global brands including Hard Rock Caf\u00e9, Johnnie Rockets, Mango, Calvin Klein, Hugo Boss and Armani Exchange.<\/p>\n

\"\"<\/p>\n

Earlier in 2022, Fogo de Ch\u00e3o opened the doors to its newest Brazil location at Rio de Janeiro\u2019s BarraShopping, one of the largest retail and dining destinations in South America.\u00a0https:\/\/fogodechao.com\/newsroom<\/a><\/p>\n

\"\"<\/p>\n

In December 2022, Fogo opened its newest New York City restaurant in Queens across from Queens Center Mall.\u00a0https:\/\/fogodechao.com\/newsroom<\/a><\/p>\n

\"\"<\/p>\n

Fogo opened the Reston, Va. location in December 2022, marking the 70th<\/sup>\u00a0location globally for the brand.\u00a0https:\/\/fogodechao.com\/newsroom<\/a><\/p>\n

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\nGuests can enjoy new brand extensions such at the Next Level Lounge and The Butchery in the recently opened Coral Gables, Fla. location.\u00a0https:\/\/fogodechao.com\/newsroom<\/a><\/p>\n

Media Contact:
\n<\/strong>FogoPR@icrinc.com<\/a><\/p>\n

Photos accompanying this announcement are available at
\nhttps:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/289ab862-7cd7-4882-9787-0e622b404860<\/a><\/p>\n

https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/9f75a30e-d3d3-4e37-914f-352e4674e1dd<\/a><\/p>\n

https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/df529d27-6348-42d0-a966-c5d6edd5bfb8<\/a><\/p>\n

https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/5232eabf-f994-418c-88f2-978bfb721767<\/a><\/p>\n

GlobeNewswire Distribution ID 8715041<\/p>\n","protected":false},"excerpt":{"rendered":"

Leading restaurant from Brazil continues international growth momentum with signing of franchise agreement Fogo BarraShopping DALLAS, Dec. 15, 2022 (GLOBE NEWSWIRE) \u2014 Fogo de Ch\u00e3o, the internationally-renowned restaurant from Brazil that allows guests to make discoveries at every turn, today announced its planned entrance into Bolivia with the signing of a franchise development agreement with [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"\nFogo de Ch\u00e3o Announces Expansion Into Bolivia for the First Time - Myanmar News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myanmarnewsgazette.com\/fogo-de-chao-announces-expansion-into-bolivia-for-the-first-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fogo de Ch\u00e3o Announces Expansion Into Bolivia for the First Time - 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