More Franchises of Local Origin in Panama

In a market dominated primarily by foreign brands, there is an increasing trend for Panamanian companies to migrate to this business model.

Friday, September 12, 2014

José Luis Ford, president of the Chamber of Commerce and Industry of Panama (CCIAP) noted that "...The openings developed in the last five years, are added to the 50 previously established making a total of 200 franchises in different markets across the country, recording an investment of $100 million. "

Panamaamerica.com.pa reports that "... In the past five years, about 15 Panamanian companies have migrated to this business model becoming franchises and giving the opportunity to other investors to start a similar establishment.

"... Although this investment sector encompasses many areas, the most common are gastronomic and clothing businesses, said Ford, who also said that foreign firms have not stopped coming into the market and local industry continues to seek new horizons. "

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