May 8, 2013
CaliBurger has executed a Master Franchise Agreement with IP Ventures, a Manila-based private equity group, to open CaliBurger restaurants in the Philippines. The joint venture is in partnership with Raj Sadhwani, one of the founders of Distillery, DRAFT, Opus, and Beso establishments. The first restaurant is expected to open in Fall 2013, according to a company press release.
"The Philippines is posed for the entry of a high-end, premium, and freshly-made burger chain," said Enrique Gonzalez, partner at IPV. "We will launch CaliBurger in premium and iconic tourist destinations such as Boracay. CaliBurger will provide to diners the California lifestyle and dining experience."
CaliBurger and IPV will also work together to establish a CaliBurger training facility in Manila for CaliBurger franchisees in other Southeast Asian nations and the Middle East.
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