Mexico’s Alsea Grabs Italian Chain

Mexico’s Alsea Grabs Italian Chain

Mexico M&A

Mexican food and beverage franchise operator Alsea has purchased Italcafe, the parent company of Mexico’s Italianni’s restaurant franchise, in a transaction valued at MXP2.05bn ($149.5m). The deal includes the purchase 8 Italianni units as well as an 89.8% stake in Grupo Amigos de San Miguel, which controls 34 of Italianni’s restaurants across the country. The purchase also includes the fee use of the Italianni’s brand name for up to 30 years, free of franchise royalties. An

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