KFC to open in Man­dalay

The Myanmar Times - - Business - THAN NAING SOE thannaing­soe@mm­times.com

KEN­TUCKY Fried Chicken’s ex­pan­sion­ist de­signs on Myan­mar will forge ahead in 2017, with branches set to open in Man­dalay, Yan­gon and two yet-to-be-an­nounced lo­ca­tions.

KFC Myan­mar ad­min­is­tra­tion di­rec­tor JR Ching told The Myan­mar Times that since the first KFC in Yan­gon opened in July 2015, there are now seven branches in the city. Three more are slated to open by the year’s end.

“The amount of money it costs to run a shop de­pends … It can be US$500,000 to $1 mil­lion,” he said.

In­gre­di­ents are sourced lo­cally, he says. KFC’s main challenge is en­sur­ing that the prod­ucts sourced in Myan­mar meet the com­pany’s strin­gent in­ter­na­tional qual­ity stan­dards.

KFC is the first American fast food busi­ness to open in Myan­mar. It en­tered the mar­ket fol­low­ing the ink­ing of an agree­ment with Yoma Strate­gic Hold­ings in Oc­to­ber 2014.

Yoma Strate­gic op­er­ates the KFC fran­chise in Myan­mar, and re­cently an­nounced rev­enue from the busi­ness of S$2.7 mil­lion (US$1.9 mil­lion) for the sec­ond quar­ter of the fi­nan­cial year.

Other in­ter­na­tional fast food chains like Pizza Hut and Burger King are also ac­tive in Myan­mar.

– Trans­la­tion by Khine Thazin Han

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