Collins Foods to open more Taco Bell restaurants

Company News

by Rachael Jones

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Last Updated: 17/02/2020 11:09 AM

Collins Foods (ASX:CKF) is pleased to announce it has entered into a Development Agreement with Taco Bell, a subsidiary of Yum! Brands.

There will be roll-out of more than 50 new Taco Bell restaurants across multiple states in Australia between 1 January 2019 and 31 December 2021.

Collins Foods opened its first Taco Bell in Brisbane in 2017 where it continues to perform strongly, and plans to open a further three restaurants in Queensland before the end of calendar year 2018.

Shares in Collins Foods (ASX:CKF) closed 1.29 per cent lower to $6.11.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.