27 Aug Philippines to take its restaurants globally
Source: Retail News Asia
Philippines private equity firm MFT Group is investing US$3 million to expand its Salad Stop and La Lola Churreria restaurant brands overseas.
The group will focus on building the business with an initial 10 to 15 branches of Salad Stop and La Lola Churreria restaurant brands. It aims to launch 30 to 40 Salad Stop outlets – considered one of the largest health food chains in the Asian region – in Vietnam, Spain and Portugal within a few years.
The company is also working to expand its medical business, having recently acquired Hong Kong firm Meihao, a medical equipment provider. MFT claims that the firm will double last year’s revenues for Meihao this year.