QSR Brands to open 30 more KFC outlets nationwide this year
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QSR Brands Malaysia Holdings is investing more than RM100 million (US$25.6 million) into opening at least 35 KFC outlets this year.
MD Datuk Mohamed Azahari Mohamed Kamil says the company will spend between RM3 million and RM4 million for each outlet, and also plans to enhance 200 restaurants.
“We see the economic fundamentals growing well this year,” he said at the launch of the KFC Golden Egg Crunch product in Kuala Lumpur.
“We believe there is a lot of potential in KFC and Pizza Hut, and that this will be a good year for us to capitalise on our growth for both chains.”
QSR Brands restaurant division CEO Merrill Pereyra says that over the past five years the company has invested nearly RM1 billion for both KFC and Pizza Hut, with a focus on the Malaysian market. The company is the franchisee of more than 750 KFC restaurants in Brunei, Cambodia, Malaysia and Singapore, and also runs Pizza Hut in Malaysia (370 restaurants) and Singapore (75).
Questions & Answers
Q.How much money will QSR Brands invest in opening new KFC outlets this year?
How much money will QSR Brands invest in opening new KFC outlets this year?
QSR Brands Malaysia Holdings plans to invest over RM100 million (US$25.6 million) to open at least 35 new KFC outlets nationwide this year. Each new outlet is expected to cost between RM3 million and RM4 million to establish.
Q.What other plans does QSR Brands have for its existing restaurants in addition to opening new ones?
What other plans does QSR Brands have for its existing restaurants in addition to opening new ones?
Beyond opening new outlets, QSR Brands also intends to enhance 200 of its existing restaurants this year. This forms part of their broader investment strategy for the year alongside new developments.
Q.Which countries currently have KFC restaurants operated by QSR Brands as a franchisee?
Which countries currently have KFC restaurants operated by QSR Brands as a franchisee?
QSR Brands operates as the franchisee for over 750 KFC restaurants across Brunei, Cambodia, Malaysia, and Singapore. The company focuses its investments primarily on the Malaysian market.
Q.What is the total investment QSR Brands has made into its KFC and Pizza Hut chains over the last five years?
What is the total investment QSR Brands has made into its KFC and Pizza Hut chains over the last five years?
Over the past five years, QSR Brands has invested nearly RM1 billion into both its KFC and Pizza Hut chains. This significant investment has primarily focused on strengthening their presence within the Malaysian market.
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