Bloomberg News

McDonald’s Plans 50% Jump in China Investment After Record Year

January 12, 2012

Jan. 12 (Bloomberg) -- McDonald’s Corp. plans to increase investment in China, its third-largest market, by 50 percent this year after the world’s largest fast-food chain opened a record 200 stores in 2011.

Spending will focus on opening an expected 225 to 250 outlets, the Oak Brook, Illinois-based company said in an e- mailed statement today. It didn’t provide a specific figure for its investment target.

McDonald’s is accelerating expansion in China, where it trails Yum! Brands Inc.’s KFC Corp. McDonald’s has more than 1,400 restaurants in the world’s second-largest economy, according to today’s statement. KFC has more than 3,200, its website shows.

Yum! agreed to buy Chinese hot-pot seller Little Sheep Group Ltd. last year to extend its lead as the nation’s biggest restaurant operator. The Louisville, Kentucky-based company also owns the Pizza Hut and Taco Bell brands.

McDonald’s planned to increase investment in China by 40 percent in 2011 and open 175-200 restaurants, the company said in Dec 2010.

--Michael Wei. Editor: Ben Richardson, Dave McCombs

To contact Bloomberg News staff for this story: Michael Wei in Shanghai at mwei13@bloomberg.net;

To contact the editor responsible for this story: Stephanie Wong at swong139@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus