PETALING JAYA: A&W Malaysia Sdn Bhd is allocating RM110mil of its capital expenditure (capex) to expand by up to 124 outlets in the country by 2024. The brand turns 100 this year.
Chief executive officer George Ang said there are currently 49 A&W outlets in Malaysia, and 20 more are in the pipelines this year.
“We set aside about RM22mil of capex every year to set up between 20 and 22 outlets, including dessert kiosks in shopping malls and retail centres nationwide, and we spend about RM1mil to RM1.2mil per restaurant, ” he told a press conference after signing a development agreement with Singapore-based A Great American Brand International Pte Ltd here yesterday.
Expanding again: There are currently 49 A&W outlets in Malaysia. The company plans to open 20 more outlets this year.
The signing ceremony was witnessed by A&W Restaurants Inc chief executive officer Kevin Bazner and United States Embassy’s deputy chief of mission in Malaysia, Dean Thompson. Following the increase in the number of outlets, Ang expects A&W Malaysia, the oldest fast food chain in the country, to achieve RM120mil in sales this year compared with RM90mil in 2019.
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