Pre­mier Cap­i­tal plc to in­vest €50 mil­lion in new stores in three years

Malta Independent - - BUSINESS & FINANCE -

Pre­mier Cap­i­tal plc, the McDon­ald’s divi­sion of Hili Ven­tures, is to in­vest €50 mil­lion in its six-coun­try restau­rant net­work be­tween next year and 2019.

The in­vest­ment will cover the open­ing of 24 new McDon­ald’s restau­rants in Greece, Latvia, Lithua­nia, Malta and Ro­ma­nia, the ren­o­va­tion of spe­cific restau­rants, and the re­lo­ca­tion of oth­ers.

Pre­mier Cap­i­tal is the De­vel­op­men­tal Li­censee for McDon­ald’s in Es­to­nia, Greece, Latvia, Lithua­nia, Malta and Ro­ma­nia, cur­rently op­er­at­ing 133 restau­rants in six coun­tries. Its McDon­ald’s restau­rant net­work in­cludes 68 Drive Thru and 40 McCafe op­er­a­tions.

The plans for ad­di­tional restau­rants in­cludes eight in Greece, one in Latvia, four in Lithua­nia, one in Malta, and 10 in Ro­ma­nia, to bring the to­tal num­ber of stores to 157 in six mar­kets by 2019.

Pre­mier Cap­i­tal also plans to mod­ernise all its ex­ist­ing restau­rants to fea­ture the in­no­vate SPA or­der­ing sys­tem and up­grade its kitchen prepa­ra­tion pro­cesses in all restau­rants across its foot­print by 2021.

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