Mexico's Alsea expects to invest about $230 million in 2022, CEO says
March 01, 2022 at 01:33 pm EST
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March 1 (Reuters) - Mexican restaurant operator Alsea
said on Tuesday it expects to invest 4.8 billion
Mexican pesos ($233 million) in 2022.
Alsea Chief Executive Officer Fernando Gonzalez said during
a news conference that the company also expects to open up to
260 new stores.
Gonzalez added that 45% of the new investment will go to
Mexico and 37% toward Europe, while the rest will be invested in
Latin America.
Alsea reported a net profit of 40.7 million pesos in the
fourth quarter, a seven-fold increase over the year-earlier
period. Shares of the company were 4.4% higher in afternoon
trading.
($1 = 20.5838 Mexican pesos)
(Reporting by Carolina Pulice and Valentine Hilaire
Editing by Paul Simao)
Alsea SAB de CV is a Mexico-based company primarily engaged in the foodservice sector. Its main activities include the operation of such reputed franchises as the Dominoâs Pizza, Burger King, California Pizza Kitchen, Chiliâs Grill & Bar, Italianniâs, Pei Wei Asian Diner and PF Changâs China Bistro fast-food restaurant chains, as well as the Starbucks Coffee coffeehouse chain. In addition, through Distribuidora e Importadora Alsea SA de CV, the Company provides logistics and food distribution services to its restaurants located in Mexico. The Company operates through a numerous subsidiaries, such as Cafe Sirena S de RL de CV, Operadora de Franquicias Alsea SA de CV, Operadora y Procesadora de Productos de Panificacion SA de CV, Gastrosur SA de CV and Especialistas en Restaurantes de Comida Estilo Asiatica SA de CV, among others. In May 2014, the Company acquired 100% stake in VIPs, the restaurant chain, which had belonged to Wal Mart de Mexico SAB de CV before.
ALSEA, S.A.B. DE C.V. 
