Tricon Plans To Spend On Pizza Hut, KFC Expansion In Thailand<b></b>

Feb 22, 2001

Share

Bangkok-Shrugging off critics' claims that theWestern-style fast-food business is reaching its saturation point,Tricon Global Restaurants Inc. announced plans to invest 1.2billion baht (about $28 million) in expanding its Pizza Hut and KFCbrands in Thailand this year.

"The fast-food business still has plenty of growthpotential," said Hester Chew, vice president and managingdirector of Tricon Restaurants International. "Right nowit's only a fraction of total food consumption inThailand."

Tricon and KFC franchisees in Thailand will spend about 600million baht (about $14 million) on an additional 30 to 40 KFCoutlets, and the remaining 600 million will be invested in about 50new Pizza Hut restaurants, creating about 3,000 new jobs.-Bangkok Post

Editor's Pick

Shark Tank's Most Successful Brand of All Time Wasn't Even Supposed to Be a Business at First.Here's How It Became One With $1 Billion in Lifetime Revenue.
Daylight Saving Time Annoys a Lot of People —But Not If They Work in These 3 Industries That Benefit Most From the Change
This Marine Turned Around Two Businesses Through Exceptional Leadership. Now They're Approaching a Combined $1 Million in Revenue.
Struggling With Productivity?You Just Need to Give Yourself Fewer Options.
5 Ways to Be GenerousWhile Still Being a Frugal Business Owner
What Expert Mountaineers Can Teach You AboutAccomplishing Your Most Daunting Tasks

Most Popular

See all

领导

The Gender Pay Gap Is About to Widen as Companies Adopt a 'Men First' Work Policy Without Realizing It

By scrapping the gains in flexible working environments made during the pandemic, firms are essentially establishing a "men first" hiring policy, whether they realize it or not. An inflexible return-to-office approach is pushing women out, which in turn fosters an environment that is even more exclusive.

By Gleb Tsipursky

Business News

Starbucks Is Debuting Two New Drinks For the Holiday Season — Here's What's New This Year

The chain will roll out new holiday-themed cups and beverages starting November 2.

Business News

Mariah Carey Is Being Sued Over 'All I Want for Christmas Is You' – Again

Songwriter Vince Vance claims Carey stole the Christmas classic.

By Sam Silverman

Business News

Sam Bankman-Fried Found Guilty on All Charges. Faces up to 110 Years in Prison.

The disgraced FTX founder was accused of one of the largest financial frauds ever.

By Jonathan Small

Devices

Act Fast to Score a Refurbished MacBook Pro for Only $235.97 Now Through November 9

Tackle it all with this refurbished MacBook Pro ahead of Black Friday.

由Entrepreneur Store

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

By The Staff of Entrepreneur Media, Inc.