A&W Allocates RM22 Million Capex For Expansion
Eyeing greater expansion nationwide, A&W Malaysia has allocated RM22 million as capital expenditure to strengthen the brand and its operations in the country. The agreement calls for 20 new outlets in 2020 and a total of 124 outlets by 2024.
Signatories to the agreement were George Ang, Chief Executive Officer of A&W Malaysia and Martin Lim, Managing Director of A Great American Brand International.
Speaking at the event, Kevin Bazner commended A&W Malaysia for the company’s commitment in rejuvenating the brand following the change of hands of A&W Malaysia to Inter Mark Resources Sdn. Bhd. from KUB Malaysia Berhad in September 2018.
“Having celebrated 100 years globally was a commendable milestone. I am proud to see A&W Malaysia has now conceptualised plans to leverage on its rich heritage and legacy in Malaysia for a successful comeback. I must acknowledge that A&W Malaysia should be applauded for its commitment to reinvest and grow the brand.
In his speech, A&W Malaysia CEO, George Ang said, “The signing with A Great American Brand International represents a major leap forward for A&W Malaysia’s plans to make the country’s first fast food chain great again. This is in line with our vision of becoming the number one quick-service restaurant (QSR) that Malaysians crave for.”