US EditionAustralia's Collins Foods to exit Taco Bell, eyes German KFC expansion
- Collins Foods has announced plans to exit the Taco Bell business in Australia by either closing or selling its 27 stores nationwide.
- If a buyer for Taco Bell is not found within 12 months, Collins Foods will consider other exit options.
- The company plans to expand KFC in Germany by opening 40 to 70 new restaurants over the next five years.
- Taco Bell's failure in Australia is attributed to struggles against Guzman y Gomez, which had sales of $573 million in 2024.
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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