Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021

Taco Bell to expand across Australia

Collins Foods Limited on Thursday revealed plans to open more than 50 new Taco Bell restaurants across multiple states in Australia over the next three years.

The food retail company entered into a development agreement with Taco Bell owner Yum! Brands, giving it the right of first offer to establish new Taco Bell restaurants across NSW, Queensland and Western Australia. The expansion will be funded through internally generated cash flow.

“We have seen tremendous enthusiasm for the Taco Bell brand in Australia, and this is reflected in the continued strong performance of our Annerley restaurant,” Collins Foods’ chief executive Graham Maxwell said.

“We believe in the significant growth potential of Taco Bell, and are pleased to have the strong confidence of Yum! Brands to grow Taco Bell’s presence across Queensland and into other markets.”

Collins Foods opened its first Taco Bell store in Annerley, Brisbane, in 2017, and plans to open three further stores before the end of the 2018 calendar year in Robina, Cleveland and North Lakes.

The group, which also owns KFC Australia, saw a 13.3 per cent increase in net profit of $38.9 million over the 2018 financial year and said the Taco Bell economic model was “delivering to expectations” and has led to positive consumer engagement.

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.

You have 7 free articles.

Masterclasses are for professionals only

Only $5 p/m for first 3 months
Become a Professional Already a professional? Login
  • Daily exclusive Members Only content straight to your inbox
  • Access to exclusive Retail Week events including all 4 Masterclasses 28 February - 3 March
  • Retail insights and intelligence
  • On-demand videos with industry professionals
  • Weekly careers advice specific to retailers
  • Independent research reports and forecasts
  • Q&A with industry experts
  • Content, content, content! Weekly and quarterly magazines