KFC to add 65 new outlets in Indonesia next year
In this article (4)
The franchise holder of the Kentucky Fried Chicken (KFC) brand in Indonesia, PT Fast Food Indonesia (FAST), plans to open between 60 and 65 new outlets in and outside Java to tap into the country’s growing food retail market.
FAST business development general manager Gandhi Lie said on Tuesday that his firm would spend around IDR240 billion (US$19.2 million) on the expansion, of which about IDR200 billion would be used to open 40 to 45 new “stand alone” outlets, with the remaining IDR40 billion to set up 20 “KFC box” outlets.
“We will use our internal cash as well as partner with landlords to build the new outlets next year,” he said without providing details on the composition of each source of funds.
Questions & Answers
Q.How many KFC outlets does PT Fast Food Indonesia plan to open in total next year?
How many KFC outlets does PT Fast Food Indonesia plan to open in total next year?
PT Fast Food Indonesia aims to open between 60 and 65 new KFC outlets next year. These new locations will be situated both within and outside Java, targeting Indonesia's expanding food retail sector.
Q.What is the planned investment for this expansion and how will it be allocated?
What is the planned investment for this expansion and how will it be allocated?
The firm plans to invest around IDR240 billion (US$19.2 million) in total. Approximately IDR200 billion will be used for 40-45 new 'stand alone' outlets, with the remaining IDR40 billion allocated for 20 'KFC box' outlets.
Q.Where will the funding for the new outlets come from?
Where will the funding for the new outlets come from?
PT Fast Food Indonesia will use internal cash for the expansion. They also plan to partner with landlords to help build the new outlets, though the specific composition of funds from each source was not detailed.
Reader pulse
Is KFC's Indonesia expansion strategy optimal?
23,989 votes so far