Philippines to take its restaurants globally
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Philippines private equity firm MFT Group is investing US$3 million to expand its Salad Stop and La Lola Churreria restaurant brands overseas.
The group will focus on building the business with an initial 10 to 15 branches of Salad Stop and La Lola Churreria restaurant brands. It aims to launch 30 to 40 Salad Stop outlets – considered one of the largest health food chains in the Asian region – in Vietnam, Spain and Portugal within a few years.
The company is also working to expand its medical business, having recently acquired Hong Kong firm Meihao, a medical equipment provider. MFT claims that the firm will double last year’s revenues for Meihao this year.
Questions & Answers
Q.Which specific restaurant brands are included in MFT Group's global expansion plans?
Which specific restaurant brands are included in MFT Group's global expansion plans?
MFT Group plans to expand its Salad Stop and La Lola Churreria restaurant brands. These brands are part of their strategy to build the business with initial branches overseas, focusing on health food and churros.
Q.What is the initial investment MFT Group is making for its international restaurant expansion?
What is the initial investment MFT Group is making for its international restaurant expansion?
MFT Group is investing US$3 million to expand its restaurant brands overseas. This investment is specifically allocated for the global rollout of Salad Stop and La Lola Churreria branches.
Q.In which countries does MFT Group aim to open new Salad Stop outlets?
In which countries does MFT Group aim to open new Salad Stop outlets?
MFT Group aims to launch Salad Stop outlets in Vietnam, Spain, and Portugal. The company plans to open 30 to 40 branches within a few years across these three countries.
Q.What other business sector is MFT Group expanding into besides restaurants?
What other business sector is MFT Group expanding into besides restaurants?
MFT Group is also working to expand its medical business. They recently acquired Meihao, a Hong Kong firm that provides medical equipment, to grow this sector.
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