FILIPINO food cart giant Potato Corner is looking at opening more stores in August here and abroad, a top company official said on Thursday.
“Definitely we’re going to expand this year . . . in August we’re opening our 1,000th store worldwide,” Jose Magsaysay Jr. told reporters during the Philippine Franchise Association’s (PFA) Franchise Asia Philippines press conference.
Of the new stores set to be opened, “140 will be overseas. We’re opening also in Cambodia, Taiwan and Kuwait within the next three months,” Magsaysay said.
At present, Potato Corner has 979 stores, with branches in Indonesia and the US.
Magsaysay said the company is also looking for partnerships in Singapore, Vietnam, Malaysia, Brunei, Africa and Europe in line with its target to grow by 40 percent this year.
Franchise Asia Philippines 2017, slated for July 19 to 23 at the SMX Convention Center Manila with the theme “Innovate and Replicate: Asean Rising,” aims to highlight various innovation concepts and strategies that will raise the global competitiveness of the Philippine franchise sector and help them cope with the Asean regional integration.
As a salute to the Philippines’ hosting of the Asean Summit and the growing importance of Asean as an economic bloc, PFA also aims to position franchising as a catalyst for regional economic integration as shown by the growing number of Asean franchises crossing borders.