Pollo Campero cuts back investment in Guatemala and El Salvador

Juan José Gutiérrez, president of Pollo Campero, says current conditions in Guatemala and El Salvador are worrisome.

Thursday, June 19, 2008

"We had budgeted 50 million dollars for investment in 2008, with 90 percent of it going to Guatemala and El Salvador," Gutiérrez said. "However, two weeks ago we decided to reduce that by more than half and invest the money in the United States."
"It pains me to say this because it's a pity that ... we don't have confidence to continue investing in these countries," he added.
Gutiérrez blamed the governments of the two countries for creating the poor business environment.
He said the governments are sending mixed signals to the business community, the rules of the game are changing, the levels of violence are not being controlled, and restaurant sales are down 10 percent compared with last year.

More on this topic

Pollo Campero opens new store in the US

October 2008

The Pollo Campero chain inaugurated a new branch at a Wal-Mart supercenter in the city of Roger, Arkansas.

This is the second Pollo Campero restaurant to open its doors in a Supercenter owned by Wal-Mart in the United States.

We have 45 restaurants in the US market, operating in 10 cities.

"Pollo Campero" Invests $2.5 Million in Costa Rica

August 2009

The Guatemalan company will open 5 new restaurants in the country in the first half of next year.

These new restaurants will be located in rural areas and will generate 100 jobs, said José Villalobos, commercial manager of the chain.

"Pollo Campero is in the midst of a global expansion process.

Pollo Campero (Country Chicken) opens restaurant in the US

October 2008

Since last week, Miami has been hosting one of two restaurants that the Pollo Campero chain plans to open in the southern United States this year.

The Campero restaurant in the Florida open in January 2008 in Boynton Beach.
The chain has 280 restaurants in 11 countries, serving more than 75 million customers yearly. In 2007 the chain's yearly sales were $400 million.

Less Foreign Direct Investment in El Salvador

November 2012

As of June 2012 the amount of FDI attracted by the country fell by 52% compared to the same period last year.

According to information from the Central Reserve Bank and the Agency for Investment Promotion and Export of El Salvador (Proesa), from January to June 2012 FDI was $116 million, while in the same period of 2011 it reached $242.2 million.

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