Mexican fast food chain arrives in Panama

The Taco Maker will open 22 restaurants in Panama in the next three years, with Costa Rica as its next destination.

Wednesday, August 20, 2008

The Mexican fast food franchise, The Taco Maker, announced yesterday that it is entering the Panamanian market.

The company plans to open 22 restaurants in the next three years, and hopes to have "the first three in operation by 2009," according to Carlos Budet, president of FransGlobal Corporation, the firm that owns The Taco Maker.

The franchise rights in Panama have been acquired by to Puerto Rican businessmen who were attracted to Panama because of "the political stability, the economy and sustained growth in the country."

More on this topic

New Fast Food Chain in Panama

November 2016

The US fast food company Wingstop has announced that through a franchise 30 stores will be opened in Panama and Colombia, starting from 2017.

From a press release issued by Wingstop:

DALLAS, Oct. 28, 2016 (GLOBE NEWSWIRE) -- Wingstop, Inc. (NASDAQ:WING), the award-winning wing concept with more than 900 locations worldwide, today announced that it has entered into an international expansion agreement with Colowing S.A.

Rise of Food Franchises in Panama

November 2012

The population’s increased purchasing power and economic dynamism, is fueling huge investments in hundreds of fast food outlets.

Laestrella.com.pa reports that "between Dunkin Donuts and Franquicias Panameñas S. A. (FP) alone more than $20 million has been invested in expanding its franchisees in the country over the past eight years.

Taco Maker Now Operates in Panama

September 2009

The Mexican food franchise inaugurated its first restaurant in the country, out of the 20 it plans for the next 8 years.

Taco Maker's new restaurant is located in Albrook Mall, in the Ancón district. It joins international franchise The Taco Maker Inc. (TTM), alonside 185 restaurants in United States, Latin America and the Far East.

Pio Pio restaurants expand to Colombia

January 2009

The biggest fast food chain from Panama will be launched in the Colombian market this year.

Laestrella.com.pa reports on its site that "after making the first steps in 2008, the Panamanian fast food franchise will be launched internationally.

"This year we will have more than one restaurant in Colombia," said Arturo Melo, president of the Melo Group, after reporting that 2008 was an excellent year for their company.

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