McDonald’s Philippines to open more stores
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Golden Arches Development Corp (GADC) is planning to invest up to PHP2 billion (US$38.4 million) so McDonald’s Philippines can open at least 40 new stores this year.
Majority owned by chairman/founder Dr George Yang and his family, GADC is the master franchise holder of McDonald’s in the Philippines and has been a wholly owned Filipino company since 2005.
The firm says McDonald’s is committed to growing its foothold in the Philippine market through store expansion and digital innovation. The brand last year opened 52 stores across the country and reached new territories.
Apart from store openings, menu innovations and marketing activities helped McDonald’s Philippines reach PHP42.6 billion system-wide sales last year, up 14 per cent on 2016.
McDonald’s Philippines president Kenneth Yang says services such as McDelivery have helped the group further expand its market share and post the fastest growth in the quick-service restaurant (QSR) industry.
Questions & Answers
Q.How much is GADC planning to invest in McDonald's Philippines this year?
How much is GADC planning to invest in McDonald's Philippines this year?
Golden Arches Development Corp (GADC) intends to invest up to PHP2 billion this year. This investment is earmarked for the expansion of McDonald's operations, including the opening of new stores across the country.
Q.How many new McDonald's stores are planned for the Philippines this year?
How many new McDonald's stores are planned for the Philippines this year?
McDonald's Philippines aims to open at least 40 new stores during the current year. This expansion is part of GADC's strategy to grow the brand's presence and foothold in the Philippine market.
Q.When did GADC become a wholly owned Filipino company?
When did GADC become a wholly owned Filipino company?
Golden Arches Development Corp (GADC), the master franchise holder for McDonald’s in the Philippines, has been a wholly owned Filipino company since 2005. Dr George Yang and his family hold the majority ownership.
Q.What were McDonald's Philippines' system-wide sales last year?
What were McDonald's Philippines' system-wide sales last year?
McDonald's Philippines achieved PHP42.6 billion in system-wide sales last year. This figure represents a 14 per cent increase compared to the sales recorded in 2016, indicating strong growth for the brand.
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