Herfy extends MoU with EatRite Food Services to open 50 branches in Nigeria
30/05/2021
Argaam
Logo of Herfy Food Services Co.
Herfy Food Services Co. extended its non-binding memorandum of understanding (MoU) with EatRite Food Services, granting it franchise rights to open 50 Herfy restaurant branches in Nigeria.
The company said in a bourse statement that the decision to extend the agreement for an additional three months will allow both parties to further study the deal to reach a final agreement.
The financial impact of the MoU cannot be determined currently, the statement added.
On Feb. 28, 2021, Herfy signed a MoU with Eat Rite Food Services, granting it franchise rights to open 50 Herfy restaurant branches in Nigeria, Argaam earlier reported.
Market Indices
TASI
10,878.46
13.89
0.13 %
Quotes
HERFY FOODS
14.89
0.00
0.00%
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