Hourani advises Kamal Osman Jamjoom Group in its acquisition of 45 Subway stores
15 September 2022
 Hourani & Partners has advised Kamal Osman Jamjoom Group LLC (KOJ) in the acquisition of 45 Subway branded stores from existing franchisees across the UAE. This AED 46m transaction involved the acquisition of multiple entities from different franchisees in the UAE who had formed a union and negotiated as one single block.
KOJ is a leading retail conglomerate in the Middle East specializing in beauty, fashion, food & beverage, and healthcare. It operates over 605 retail outlets distributing renowned brands such as Early Learning Center (ELC), Lego and The Body Shop, as well as its own brands Mihyar, Moda and Nayomi.
Subway, founded in 1965 by 17-year-old Fred DeLuca is now one of the world’s largest fast-food franchises, with over 44,000 locations across 110 countries.
The transaction was led by Partner Salim Sader with support from Konstantinos Drousiotis.
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