FRANCHISING | Staff Reporter, Australia

Restaurant Brands to open more Taco Bell stores in AU and NZ in the next five years

The company plans to have more than 60 sites by 2024.

Restaurant Brands has announced that they have reached an agreement with Taco Bell Restaurants Asia to roll out the taco chain’s outlets across Australia and New Zealand in the next five years.

The company aims to build more than 60 stores in the two countries between January 1, 2019 to June 30, 2024.

“Bringing the Taco Bell brand to this part of the world aligns with our strategy of focussing on global tier one brands in markets we understand. We know from our experience in Hawaii and Guam that Taco Bell is a top-tier brand backed by excellent franchise systems,” Restaurant Brands’ group CEO Russel Creedy said in an announcement.

The funds for the expansion plan will be from internally generated cash flows. The group also mentioned that it will take a few more years for the taco chain to make a significant contribution from the Australand and New Zealand markets.

Collins Foods, another Taco Bell operator, also announced last October that they will build 50 stores in three years across Australia, following the success of their first store in Brisbane.

(Also read: Taco Bell is hoping that the third time's the charm in Australia)


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