QSR Brands to invest RM100m to open 35 KFC outlets this year

KUALA LUMPUR: QSR Brands (M) Holdings Bhd plans to open over 35 new KFC outlets nationwide this year with investments of over RM100 million, said Managing Director, Datuk Mohamed Azahari Mohamed Kamil.
He said the company would spend between RM3 million and RM4 million for each outlet.
“We have the financial and operation capacity as well as the commitment of our shareholders to expand our business this year, in line with the country’s strong economic growth.
“We see the economic fundamentals growing well this year and we want to make sure that we are able to develop all our restaurants,” he told reporters after the launch of the KFC Golden Egg Crunch here today.
Also present was QSR Brands CEO of Restaurant Division, Merrill Pereyra.
Mohamed Azahari said the company planned to enhance 200 existing outlets.
On QSR’s proposed listing, he said, the decision was up to the company’s shareholders.
“For us, as part of the management, business is as usual thus far. We believe there is a lot of potentials in KFC and Pizza Hut, and 2018 will be a good year for us to capitalise on our growth for both chains,” he said.
Meanwhile, Pereyra said, over the last five years, the company has invested close to RM1 billion for both KFC and Pizza Hut, and the main focus would still be the Malaysian market.
QSR Brands is the franchisee of over 750 KFC restaurants in Malaysia, Singapore, Brunei and Cambodia.
The company is also the operator of Pizza Hut in Malaysia and Singapore, with over 370 restaurants in Malaysia and another 75 in Singapore. – Bernama