Daily Newsletter

15 January 2024

Daily Newsletter

15 January 2024

Island Fin Poké partners GNF for global expansion

The franchise sales agreement will provide Island Fin Poké with a refined sales organisation.

Umesh Ellichipuram January 12 2024

Island Fin Poké, a US-based fast-casual restaurant chain, has announced a strategic partnership with franchise consulting firm GNF Worldwide to facilitate its global market expansion.

The franchise sales agreement will provide Island Fin Poké with a refined sales organisation.

Island Fin Poké founder and CEO Mark Setterington stated: “We're absolutely thrilled to partner with GNF Worldwide because it's more than just a collaboration; we're significantly enhancing and elevating our brand, reaching new markets.

“GNF's global reach, reputation and commitment to integrity align perfectly with our vision for the future of becoming not only America's favourite poké restaurant, but also the world's favourite poké restaurant."

“Our focus is on improving our model, enhancing the brand and ensuring the success of our franchisees. With GNF Worldwide by our side, we're truly ready to navigate the evolving global franchise industry.”

GNF Worldwide, known for its expertise in guiding franchisors through expansion, will be instrumental in Island Fin Poké’s growth strategy.

The Hawaiian-style poké bowl brand, founded in 2017 by Mark Setterington, is entering a transformative phase aimed at extending its international footprint.

The partnership is expected to open up new market segments and attract additional franchisees.

Island Fin Poké currently operates 23 locations, with numerous others in development.

GNF Worldwide founding partner Fernando López de Castilla stated: “We're excited to join forces with Island Fin Poké Co in their global expansion journey.

“Our commitment to excellence aligns seamlessly with Island Fin's dedication to providing a unique and high-quality dining experience. Together, we look forward to achieving new milestones and setting new standards in the fast-casual dining industry with Island Fin.”

Western Europe foodservice market dynamics

The total revenue of the Western European foodservice profit sector totaled $685.3 billion in 2022, having declined at a negative CAGR of 2.4% during 2017–22. In 2022, FSR was the largest foodservice channel, with a value share of 25.9%, followed by QSR. However, the region’s foodservice sector is poised to bounce back as it is forecasted to register a CAGR of 8.1% by 2027.

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