- This topic has 0 replies, 1 voice, and was last updated 9 years, 9 months ago by
.
-
Posts
-
Cartridge World Inks Acquisition of Master Franchise in UK and France
Emeryville,
CA: APRIL, 2006 — Cartridge World, a leading ink refilling retailer in
the printer cartridge industry, has announced its acquisition of the
master franchise for the United Kingdom and France, a move toward
consolidating the company�s worldwide operations in the United States.
Currently, Cartridge World has 300 stores open in the UK and 65 in France.
�This
friendly acquisition will give us an opportunity to more closely manage
our Cartridge World locations throughout Europe,� said Burt Yarkin, CEO
of Cartridge World North America. �Both these markets will continue to
grow rapidly, and our consolidation will help to further strengthen the
Cartridge World brand internationally.�
In addition to locations in
the UK and France, Cartridge World also has operating stores in most
parts of Europe including Austria, Belgium, Germany, Greece, Italy,
Poland, Portugal, Ireland, and Spain.
As part of Cartridge World�s
tremendous growth internationally, the company also recently awarded
Dr. Jose Vazquez with the master franchise rights to the Caribbean,
encompassing 26 countries. Vazquez, who has been a multi-unit franchise
owner with Subway for the past 10 years in Puerto Rico, will be opening
the first Cartridge World location in Puerto Rico this June. He has
plans to open a total of four to six stores by 2007 and a total of 30
locations throughout the Caribbean by 2011.
�We are excited to
welcome Jose to the team and look forward to utilizing his experience
and knowledge of franchising to increase Cartridge World�s visibility
throughout the Caribbean,� added Yarkin.
Cartridge World, which
opened its first franchise location in Adelaide, Australia in 1997, is
the first retail cartridge refilling concept to take on manufacturing
giants such as HP, Lexmark, and Canon while offering cost-saving
solutions for consumers and businesses on the traditionally inflated
costs of printer cartridges.
The company provides consumers and
small to mid-sized businesses a retail cartridge refilling service that
allows customers to refill their ink and toner printer cartridges with
as much ease as they refill the gas tanks of their cars. More
importantly, customers receive up to a 50 percent savings and a
money-back service guarantee on all refilled cartridges, all the while
helping the environment. Cartridge World estimates that it will keep
nine million cartridges out of landfills this year.
Cartridge World
is the fastest growing ink refilling retailer in the $60 billion
printer cartridge industry. The company refills empty ink cartridges
for ink jet printers, laser printers, fax machines and photocopiers
with top quality, brand-specific ink and toners. Voted #1 in toner
replacement services by Entrepreneur Magazine Franchise 500, Cartridge
World has more than 1,100 franchised retail locations in 27 countries.
The California-based Cartridge World North America was founded in 2003.
There are currently more than 375 locations open in the United States
with 500 locations expected by summer of 2006.
- You must be logged in to reply to this topic.