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."
The Pollo Campero chain inaugurated a new branch at a Wal-Mart supercenter in the city of Roger, Arkansas.
The Guatemalan company will open 5 new restaurants in the country in the first half of next year.
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.
As of June 2012 the amount of FDI attracted by the country fell by 52% compared to the same period last year.
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