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Business

Shake Shack arriving in Tokyo next year

TOKYO -- Hot off its listing on the New York Stock Exchange, Shake Shack, a U.S. hamburger shop chain with a gourmet flair, is coming to Japan.

     It has signed an exclusive franchising agreement with Sazaby League, a Japanese retail and restaurant group, which will open the first Shake Shack here next year, followed by nine more in Japan by 2020.

     From its original location in New York City, Shake Shack has grown to 64 shops in nine countries. Priding itself on quality ingredients, it also offers hot dogs and beer and wine.

     Its mainstay ShackBurger sells for around $5 in the U.S. In Japan, it will aim for a somewhat lower price range than the 1,000 yen ($8) premium burgers that many restaurants are now dishing out.

(Nikkei)

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