• Article via Orange County Business Journal

Taco Bell Operator Plans 50 in Australia

"Collins Foods Ltd. will open 50 Taco Bell locations in three years in three states in Australia.

Irvine-based Taco Bell is the largest restaurant chain based in Orange County with annual sales of about $10 billion. It has about 7,000 locations, about 350 of them overseas; it wants 9,000 units including 1,000 overseas by 2022 as it aims for $15 billion in sales.

It’s owned by Yum Brands in Louisville, which also owns KFC and Pizza Hut. Yum traded recently at a $28 billion market cap. Taco Bell has been choosing larger, well-funded and experienced operators overseas to push expansion.

Queensland-based Collins is a publicly traded—$333 million (USD)—restaurant operator; it opened one Taco Bell in 2017 and plans three more by year-end. The new development deal pledges 50 more locations between 2019 and 2022."

Read the full article by Paul Hughes here.

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