US EditionAustralia's Collins Foods to exit Taco Bell, eyes German KFC expansion
- Collins Foods has decided to exit Taco Bell due to its unprofitability, which contributes less than 4% to the company's revenue of $1.5 billion, according to CEO Simonet.
- Simonet noted that Taco Bell's performance hasn't met the returns needed for shareholders, leading to the board's decision to exit.
- Food consultant Suzee Brain expressed doubt about the viability of multiple Mexican chains in Australia, stating that local preferences lean towards burgers and chicken.
15 Articles
15 Articles
Australia's Collins Foods to exit Taco Bell, eyes German KFC expansion
APRIL 15: Australian fast-food chain operator Collins Foods said on Tuesday it planned to exit its underperforming Taco Bell business within a year, pivoting instead to the expansion of its KFC operations in Germany. © New Straits Times Press (M) Bhd
Collins Foods to exit Taco Bell Australia
Collins Foods is pulling back from the Australian fast-food Mexican wave, announcing plans to offload or shutter its 27 Taco Bell restaurants across Queensland, Victoria and Western Australia within the next year. The ASX-listed operator told shareholders on Tuesday it’s in talks with Taco Bell International and parent company Yum! Brands to transition the brand to a new operator. According to The Australian Financial Review, if a buyer can’t be…
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