MEXICO CITY (Reuters) – Mexico’s Alsea, which operates chains such as Domino’s Pizza and Starbucks, plans to surpass the 5,000-store mark by the end of this year, the firm’s chief executive officer said on Wednesday, which would mark nearly 9% growth if achieved.
“We operate more than 4,600 stores and our plan is to surpass the 5,000-store milestone by the end of the year,” said CEO Armando Torrado, speaking at the firm’s investor day.
The chief executive added that Alsea has identified a “white space,” or market opportunity, to open 2,460 more stores, with around half in Mexico, 30% in Europe and the rest in South America. But Torrado did not provide a timeline for those additional units.
He noted that most of the planned stores would be Starbucks cafes, followed by Domino’s, full-service establishments and Burger King restaurants.
(Reporting by Kylie Madry; Editing by David Alire Garcia)
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