{"id":298788,"date":"2010-02-09T12:11:00","date_gmt":"2010-02-09T17:11:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-2044567566788796240"},"modified":"2010-02-09T12:18:10","modified_gmt":"2010-02-09T17:18:10","slug":"reuters-buffetts-dairy-queen-to-expand-into-egypt-macau","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/298788","title":{"rendered":"REUTERS: Buffett’s Dairy Queen to expand into Egypt, Macau"},"content":{"rendered":"

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NEW YORK<\/div>\n
Tue Feb 9, 2010 11:35am EST<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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NEW YORK (Reuters) – <\/span>International Dairy Queen, the ice cream retailer owned by Warren Buffett’s Berkshire Hathaway Inc (BRKa.N<\/a><\/span>) (BRKb.N<\/a><\/span>), said on Tuesday that it planned in 2010 to open its first stores in Egypt and Macau.<\/p>\n

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Dairy Queen said Egyptian-run Boraie Development would open the first DQ Grill & Chill restaurant in Cairo this summer. It said there was “potential” to open 40 to 50 restaurants in four or five additional Egyptian cities.<\/p>\n

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The company also said the Hon Hoi Group (International) Co planned to open a Dairy Queen in Macau this spring and a second location in the region later this year. It said Hon Hoi operates restaurants in Macau, China and Canada.<\/p>\n

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Based in Minneapolis, Dairy Queen said it had more than 5,700 stores in 19 countries, including 652 locations outside the United States and Canada.<\/p>\n

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Berkshire bought Dairy Queen in 1998. Buffett, 79, is the world’s second-richest person, and habitually snacks on a $1 Dairy Queen dessert prior to Berkshire’s annual meetings on Saturday mornings in its Omaha, Nebraska, hometown.<\/p>\n

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(Reporting by Jonathan Stempel; Editing by Lisa Von Ahn)<\/p>\n

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