Rise of Food Franchises in Panama

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

Wednesday, November 21, 2012

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. Franquicias Panameñas -manager of the American brands KFC, Pizza Hut, Taco Bell, Quiznos, Dairy Queen and Helados Topsi-has about 85 restaurants, which generate more than 2,100 direct jobs, according Liza Henriquez, its CEO. "

The growth is not limited to the nation's capital. "The growth strategies go beyond the limits of the capital. For example, Dunkin Donuts has opened in Colon and plans to set up in the rest of the interior. Representatives of the brand looked forward to conquering the markets of Chiriquí, Veraguas and Herrera, without neglecting opportunities to open new stores in Panama City. "



More on this topic

Food Franchise Frenzy

January 2013

In Panama, the population’s increased purchasing power and the economic dynamism are driving new investments by major fast food chains.

The companies Franquicias Panameñas, S.A., KFC and Pizza Hut are to invest $7.5 million in the construction of new stores and the refurbishment of several existing ones.

More KFC and Quizno's Restaurants in Costa Rica

May 2012

The franchise company QSR International is to open 15 new stores during 2012, and invest in the remodeling and reopening of three others.

QSR International, which owns the fast-food franchise KFC and Quizno's Sub in the region, will open 8 new KFC restaurants and 7 new Quizno's outlets in Costa Rica.

Costa Rica: KFC, Quiznos and Teriyaki Invest $3.5 million

August 2009

"QSR Internacional", Costa Rican operator of the KFC, Quiznos and Teriyaki franchises, opened three new restaurants in the country.

Kentucky Fried Chicken opened its 24th store in the country, located in the shopping center "Milla Platino", in Lindora, Santa Ana. Gloriana Castro, Marketing Supervisor for the three franchises, reported that $3.5 million were invested in this opening, which adds to what was already invested in the Quiznos and Teriyaki restaurants.

Taco Bell Returns to Panama

June 2009

Next June 15, Franquicias Panameñas will open the first Panamanian Taco Bell fast food restaurant franchise in Multiplaza Mall.

Besides the store in Multiplaza, the US franchise will open restaurants in El Dorado, Albrook, Metro and Villa Lucre shopping malls, among others.