trending Market Intelligence /marketintelligence/en/news-insights/trending/zYlMzXv7B-yQYhdaynA-Rw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Taco Bell to expand international presence

Blog

COVID-19 Impact & Recovery: Private Equity

COVID-19 Impact & Recovery: Corporates

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Governments


Taco Bell to expand international presence

Taco Bell Corp. said May 23 that it plans to grow its presence in Australia and India, and enter New Zealand, Indonesia and Portugal within the year.

The YUM! Brands Inc.-owned restaurant said it plans to expand in Sydney and Melbourne in Australia, with restaurants to open in the cities within the next 12 months.

The fast-food chain also plans to open 600 more restaurants in India within the next 10 years. Taco Bell signed a new franchising deal with local partner Burman Hospitality Pvt. Ltd. to reach the target. The company operates 35 restaurants in India, though it said it hopes to grow to over 60 locations in the country by 2019-end.

Meanwhile, Taco Bell also said it plans to expand into New Zealand in partnership with Burger King and Tim Hortons parent Restaurant Brands International Inc. and Australian franchise partner Collins Foods Ltd.

In the same release, Taco Bell mentioned plans to enter Indonesia and Portugal, but did not provide further details.

In January, Taco Bell said it planned to increase overseas store count to over 500 in 2019, at least half of which are expected to come from the Asia-Pacific region. During the same month, the company opened its first store in Thailand, where it expects to open 40 more stores by 2022.