QSR starts selling in Foodpanda Malaysia platform
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Malaysia’s largest fast-food operator QSR Brands is partnering with Foodpanda Malaysia to deliver its Pizza Hut and KFC orders, according to a Deal Street Asia report.
The move is expected to increase food revenue for the firm by 15–20 per cent, and allow delivery outlets for both brands to increase to 480 by the end of this year, and 730 before 2020.
QSR MD Mohamed Azahari Mohamed Kamil said: “This will provide a new revenue stream by serving not only our non-delivery outlets but also complement existing delivery outlets.”
QSR is expected to list on Bursa Malaysia this November, seeking to raise around RM2 billion (US$500 million), raising its market capitalisation to an estimated RM6 billion ($1.5 billion).
Questions & Answers
Q.Which brands will QSR deliver through the Foodpanda Malaysia platform?
Which brands will QSR deliver through the Foodpanda Malaysia platform?
QSR Brands will deliver orders for its Pizza Hut and KFC brands via the Foodpanda Malaysia platform. This partnership aims to expand the reach and efficiency of their fast-food delivery services across Malaysia.
Q.What revenue increase does QSR expect from this partnership with Foodpanda?
What revenue increase does QSR expect from this partnership with Foodpanda?
QSR Brands expects a significant increase in food revenue, projected to be between 15 and 20 per cent. This boost is attributed to the new revenue stream and expanded delivery capabilities.
Q.How many delivery outlets for Pizza Hut and KFC does QSR aim to have by the end of 2019?
How many delivery outlets for Pizza Hut and KFC does QSR aim to have by the end of 2019?
QSR aims to increase the number of delivery outlets for both Pizza Hut and KFC to 480 by the end of this year. The goal is to further expand this figure to 730 before 2020.
Q.When is QSR Brands planning to list on Bursa Malaysia?
When is QSR Brands planning to list on Bursa Malaysia?
QSR Brands is expected to list on Bursa Malaysia this November. The company aims to raise around RM2 billion (US$500 million) from this listing, which would increase its market capitalisation.
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