Hiccups in India store openings… KFCH’s original plan was to open 12 outlets in FY2010, although we understand that the target is now trimmed to 7 outlets, with 2 already opened in Pune and Mumbai in March and April respectively. The reason for the lower targeted opening is due to the unexpected problems in the renovation of the stores combined with various red tape issues when getting approvals. For example, the Mumbai outlet took 5-6 months to complete while the Pune outlet took 7 months to complete, as compared to roughly 5 weeks to open a new outlet in Malaysia.
KFC Holding (M) Berhad : Some Hiccups In India-26/08/2010
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