MCDONALD’S PLANS RM363 INVESTMENT
Fast-food operator will add 33 restaurants, refurbish 86 others nationwide
MCDONALD’S Malaysia is investing RM363 million to add 33 new restaurants and refurbish 86 others nationwide as part of its three-year growth plan.
McDonald’s Malaysia managing director and operating partner Azmir Jaafar said the company would set aside RM100 million to develop drive-thru restaurants and for the refurbishment exercise.
He said with a network of 262 restaurants and 12,000 employees serving 13.5 million customers monthly, McDonald’s was confident of strong double-digit growth this year.
“Last year was a record-breaking year for us with all-time high year-on-year revenue growth of 16 per cent,” said Azmir at a media briefing, here, yesterday.
He said McDonald’s Malaysia was also looking to plough an investment of RM1.4 billion into developing 450 restaurants and creating 10,000 new jobs over the next eight years.
Currently, McDonald’s Malaysia has 82 delivering hubs, 113 McCafe’s, 151 drive-thru restaurants and 200 24-hour restaurants nationwide.
Azmir said McDonald’s Malaysia was continuing its growth trajectory under the new developmental licensee (DL) ownership.
McDonald’s Corp announced late last year it had selected Lionhorn Pte Ltd as the DL for its Malaysia and Singapore markets.
Lionhorn is led by Sheik Fahd and Abdulrahman Alireza, who bring 20 years of experience as the DL for nearly 100 McDonald’s restaurants in the western and southern regions of Saudi Arabia.
He said under the DL structure, Lionhorn would provide the necessary capital to support and grow the business while day-today management of the Malaysian market would continue to be led by local leadership with the knowledge and insight required to driving business success in the country.
Azmir said the Lionhorn Group partnership came at just the right time to help take McDonald’s Malaysia to its next lap of growth.
It was reported that as part of McDonald’s Corp turnaround plan announced in May 2015, it was committed to refranchising 4,000 restaurants by end of next year with the long-term goal of becoming 95 per cent franchised. McDonald’s has now refranchised about 1,300 restaurants. Bernama