Atlanta - Flip Flop Shops has signed a master franchise agreement with Happy Toes Caribbean that calls for the establishment and development of at least 20 new shops throughout the islands, the first of which will open in Aruba in late 2014. The master franchise rights agreement also covers the management of three established stores in St. Thomas, St. Maarten and Curacao.
This new deal pushes Flip Flop Shops 2014 international expansion plans to nearly 100 new stores, and follows on the heels of similar development deals in both the Middle East and South Africa. Flip Flop Shops operates nearly 100 locations globally, and has nearly 200 stores in the development pipeline. The company is seeking franchise partners for further development in several new international markets, including Latin America, Mexico, Australia and New Zealand, and parts of Asia including Malaysia, Singapore, South Korea and Vietnam.
"The key to successful international expansion is finding the right partner," said Brian Curin, president and co-founder of Flip Flop Shops. "The credibility of our international partners coupled with the credibility of the Flip Flop Shops concept is allowing explosive growth for us around the globe."