KLE Group Limited (KLE) Acquires Full Ownership of All Local Usain Bolt’s Tracks and Records Locations

January 13, 2020

 KLE Group, franchisers of the world renowned international fast-casual dining restaurant, Usain Bolt’s Tracks & Records, has recently acquired full ownership of all its local franchises across Jamaica. The most recent acquisition is of the Montego Bay franchise which was owned by prominent Hotelier and Businessman, Christopher Issa.

The acquisition came after the KLE Group decided to approach the Montego Bay franchise owner with an offer to buy the franchise, an offer that was in direct alignment with the company’s plans of streamlining operations and expanding the brand locally.

Gary Matalon, CEO, KLE Group says the restaurant has performed very well since opening both in terms of sales and customer satisfaction and KLE now looks forward to operating Mobay along with the Kingston operation and the synergies that will no doubt come from operating both.  He stated “When we approached Chris with our plan and made him an offer, he gladly accepted as it is a win-win for all of us.  KLE Group now having full ownership and control of all the local franchises allows us the ability to grow the brand exponentially. This acquisition will improve our economies of scale, increase our earnings, assets and profitability”.

By acquiring full ownership of all of its local franchises, the KLE Group is able to leverage this control to further expand and develop the brand overall. 

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