MCDON­ALD’S PLANS RM363 IN­VEST­MENT

Fast-food op­er­a­tor will add 33 restau­rants, re­fur­bish 86 oth­ers na­tion­wide

New Straits Times - - Business -

KUALA LUMPUR

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

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