Corum Restaurant Group Inc., a leading Guyanese quick-service restaurant operator, has announced a strategic partnership with JMMB, one of the Caribbean’s largest investment banks, to drive its expansion into the Caribbean market.
The company, which is known for its successful operation of global franchises like Pizza Hut in Guyana, a subsidiary of Yum Brands, has noted that the partnership marks a significant milestone. Corum Restaurant currently operates eleven Pizza Hut locations across Guyana and with its aim of becoming a dominant player in the fast-casual dining sector, the company plans to open more stores throughout Guyana and the Caribbean.
Clairmont B. Cummings, Founder and CEO of Corum Restaurant Group, expressed excitement about the partnership, stating, “We are excited about our new partnership and strongly believe that this move will bolster us as we continue to build on Courm’s success. The JMMB partnership is also part of the strategic positioning, consolidation, and expansion of Corum Group into the regional market, where we intend to become a dominant player in the QSR and fast-casual restaurant space.”
Cummings, a Cornell Business School graduate and young business executive is poised to retain his majority stake and continue serving as Chairman and CEO of Corum Restaurant Group.
The partnership with JMMB is also seen as an opportunity for Corum to adapt swiftly to market dynamics, and intense competition, and leverage growth opportunities emerging from Guyana’s booming oil and gas sector.
The collaboration will also benefit Caribbean Fusion Holdings Inc., a subsidiary of Corum Restaurant Group. which will soon introduce the renowned P.F. Chang’s franchise to Guyana, Suriname, Jamaica, Barbados, and the Cayman Islands.
