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.