(Oct. 11, 2005) Kentucky Fried Chicken (KFC), owned by fast food giant Universal Foods, announced plans to expand its presence in the Chilean restaurant market over the next three years. Executives at KFC Chile hope to make the company a major player in the fast food market by increasing the number of franchises in the country.
Jorge Gustavo, the new general manager of KFC Chile was appointed to lead Universal Foods’ growth in the domestic fast food market. Since taking charge of the company, KFC Chile has named Pablo Toledo, former vice president of PepsiCo in Latin America, as well Cristián Solís de Ovando, former general manager of Santiago’s Commerce Stock, to the board of directors. The company plans to increase its sales nationally by 15 percent within three years by opening between 3 to 5 new restaurants annually.
Universal Foods owns 100 percent of Chilean KFCs as well as 50 percent of the Dominos Pizza restaurants in Chile. KFC Corporation has about 13,000 outlets in 90 countries around the world.
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