The Edge Daily
08-08-2008
KUALA LUMPUR: QSR Brands Bhd has obtained franchise rights to operate Pizza Hut outlets in Cambodia to capitalise on the fast growing food and beverage market in the country.
In a statement yesterday, the company said it planned to become a major restaurant player in the Indo China region particularly in Cambodia. QSR obtained approval in principle from Yum! Restaurants Asia Pte Ltd to operate the Pizza Hut business.
QSR first ventured into Cambodia after obtaining franchise rights to operate fast food chain, KFC, via a joint - venture company, Kampuchea Food Corp Co Ltd (KFCL). QSR holds 55% in the JV while Royal Group of Companies and Rightlink Corp Ltd has 35% and 10% respectively. The first KFC outlet was opened on March 2 this year.
“With the success in obtaining both the franchise rights for Pizza Hut and KFC, QSR through KFCL is expected to become a dominant force in the food and beverage market in Cambodia,” the company said.
It added a new wholly owned subsidiary will be set up under KFCL to undertake Pizza Hut operations in Cambodia.
08-08-2008
KUALA LUMPUR: QSR Brands Bhd has obtained franchise rights to operate Pizza Hut outlets in Cambodia to capitalise on the fast growing food and beverage market in the country.
In a statement yesterday, the company said it planned to become a major restaurant player in the Indo China region particularly in Cambodia. QSR obtained approval in principle from Yum! Restaurants Asia Pte Ltd to operate the Pizza Hut business.
QSR first ventured into Cambodia after obtaining franchise rights to operate fast food chain, KFC, via a joint - venture company, Kampuchea Food Corp Co Ltd (KFCL). QSR holds 55% in the JV while Royal Group of Companies and Rightlink Corp Ltd has 35% and 10% respectively. The first KFC outlet was opened on March 2 this year.
“With the success in obtaining both the franchise rights for Pizza Hut and KFC, QSR through KFCL is expected to become a dominant force in the food and beverage market in Cambodia,” the company said.
It added a new wholly owned subsidiary will be set up under KFCL to undertake Pizza Hut operations in Cambodia.
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