Food Industry
Industry: Email Alert RSS FeedPlanet Hollywood seals overseas princely pact
Nation's Restaurant News, May 5, 1997
ORLANDO, Fla. - Planet Hollywood International Inc. signed an agreement with Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud to develop up to 34 Planet Hollywood units in 23 European and Middle Eastern countries.
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The deal also gives the prince rights to develop the company's upcoming music concept, Official All Star Cafe, Planet Hollywood Superstores and future concerns. Financial terms were not disclosed though the company said the prince also purchased 1 percent of its common stock.
COPYRIGHT 1997 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2008 Gale, Cengage Learning
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