Burger chain Lotteria to open 1st outlet in Malaysia this year

Home > Business > Industry

print dictionary print

Burger chain Lotteria to open 1st outlet in Malaysia this year

Shin Yoo-yeol, third from left, executive vice president of the Future Strategy Office at Lotte, and Serai Group Chairman Najib Hamid, fourth from left, pose for photos with other officials after signing a partnership agreement for the launch of Lotte GRS' Lotteria burger chain in Malaysia at the Lotte World Tower in Jamsil, southern Seoul, on Aug. 6. [YONHAP]

Shin Yoo-yeol, third from left, executive vice president of the Future Strategy Office at Lotte, and Serai Group Chairman Najib Hamid, fourth from left, pose for photos with other officials after signing a partnership agreement for the launch of Lotte GRS' Lotteria burger chain in Malaysia at the Lotte World Tower in Jamsil, southern Seoul, on Aug. 6. [YONHAP]

 
Lotteria, the burger chain operated by Lotte Group affiliate Lotte GRS, will open its first outlet in Malaysia later this year as part of its overseas expansion strategy, the company said Wednesday.
 
Lotte GRS has signed a master franchise agreement with Serai Group to launch the brand in the Southeast Asian country.
 

Related Article

 
Under the agreement, the franchisee is granted the rights to not only open and operate outlets in the designated territory, but also subfranchise those rights to third parties.
 
Lotte GRS said it plans to open the first outlet this year and 30 Lotteria burger chains in Malaysia during the next five years.
 
Separately, the company plans to open its first U.S. outlet this month in Orange County, a company spokesperson said.
 
Lotte GRS currently operates around 1,000 outlets in Korea and 320 stores overseas, including 258 in Vietnam, 50 in Myanmar, six in Laos and six in Mongolia.
 

Yonhap
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)