McDonalds to expand further into Philippines
The McDonald’s chain in the Philippines sees continued expansion in 2018, buoyed by a growing middle class with a preference for meals on the go.
George Yang, founder of McDonald’s master franchise holder in the Philippines, Golden Arches Development Corp., said the company would end the year in excess of 600 stores nationwide.
“This year, we will surpass 600 stores,” Yang said in an interview last week. “We are optimistic because the economy is strong.”
McDonald’s mainly competes with home-grown Jollibee Foods Corp. in the massive fast-food segment.
Yang noted that the market was rapidly changing and that the group needed to “stay ahead.”Tuesday, 30th January, 2018