Kisses from Italy, Inc. (OTCQB: KITL) is engaged as a U.S.-based restaurant chain operator, franchisor, and product distributor. The company offers a quick-service experience that provides a unique take on traditional Italian favorites. The company has also recently launched its own line of branded products across North America and Europe. Shares of the restaurant and food service company are soaring 60% through early trading on Thursday, March 2, 2023. Over the past thirty days, Kisses from Italy has seen average daily volume of 46,019 shares. However, volume of 795,039 shares or dollar volume of around $25,441, has already exchanged hands through early trading.
Shares of Kisses from Italy are rallying after the company announced that it has entered into a strategic alliance with Food Network celebrity chef Scott Conant. The company and Chef Conant will work to develop a new restaurant concept, which will be formed as a separate brand and wholly-owned entity under Kisses from Italy.
Chef Scott Conant and his team are tasked with leading on the new branding and concept development, alongside the Kisses from Italy team. Fransmart, a worldwide leader in global franchise development, will serve as the group’s exclusive global franchise developer and representative.
Chef Scott Conant, two-time James Beard Award-winning chef, cookbook author, and TV personality commented: “I couldn’t be more excited about partnering with Kisses From Italy and Fransmart. To have the chance to create this fast casual brand together is truly a once-in-a-lifetime opportunity. There is something magical when a group of creatives can sit in a room and see all the through lines come together. We are developing something spectacular that not only is craveable, but is reminiscent of childhood nostalgia and the connectivity of gathering around the table. I am confident the enthusiasm for the food and business acumen of this team will set us on a path of growth and much success. As a core tenet of everything that we do, genuine hospitality and a service forward approach will be the key differentiators.”
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