Restaurant Brands to open Taco Bell Restaurants in Australia and NZ

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freitasm

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# 243415 11-Dec-2018 09:51

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Restaurant Brands to open Taco Bell Restaurants in Australia and NZ:

Restaurant Brands New Zealand Limited (NZX/ASX: RBD, “Restaurant Brands”) is pleased to announce that it has reached agreement with Taco Bell Restaurants Asia PTE, Ltd to bring the Taco Bell brand to both New Zealand and New South Wales (and ACT) in Australia, commencing in 2019.

Development Agreements will govern the building of more than 60 new Taco Bell restaurants in New Zealand and Australia between 1 January 2019 and 30 June 2024 and provide Restaurant Brands with the right of first offer in relation to the establishment of new Taco Bell restaurants across the relevant territories.

These agreements are not conditional upon the completion of the current Finaccess/Global Valar partial takeover offer.

It is expected that the building of Taco Bell stores will be funded from internally generated cash flows. Restaurant Brands currently owns and operates 36 Taco Bell stores in Guam and Hawaii that contributed $19.4m to Group EBITDA in the 2018 financial year. However it will take several years for the brand to make a significant contribution from the Australian and New Zealand markets.

Commenting on the Taco Bell roll-out, Restaurant Brands’ Group CEO, Russel Creedy said: “Bringing the Taco Bell brand to this part of the world aligns with our strategy of focussing on global tier one brands in markets we understand. We know from our experience in Hawaii and Guam that Taco Bell is a top-tier brand backed by excellent franchise systems”.

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# 2142978 11-Dec-2018 09:55

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Best to stock up on toilet cleaning products before you decide to go there, that is if the ingredients are anything like what they use in the US :)

hsvhel

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# 2142980 11-Dec-2018 09:57

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SpartanVXL: Best to stock up on toilet cleaning products before you decide to go there, that is if the ingredients are anything like what they use in the US :)

Haha, best colonic i've never asked to have for sure!!!

freitasm

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# 2142983 11-Dec-2018 09:57

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At last quality, tasty, real Mexican food in New Zealand!

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floydbloke

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# 2142984 11-Dec-2018 09:58

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Just what a country with obesity problems needs!

"I have noticed even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road." - Stephen Hawking

SpartanVXL

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# 2143007 11-Dec-2018 10:25

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floydbloke:
Just what a country with obesity problems needs!

Don't worry too much about Taco bell. I can personally assure you the majority of their menu goes straight through. If anything you lose weight! =)

HiddenChin

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# 2143058 11-Dec-2018 11:07

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I hope they're bringing in some Baja Blast

surfisup1000

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# 2143075 11-Dec-2018 11:31

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I love taco bell, can't wait .

Far better than the crap kiwi-mexican that gets served up here.

I also love in-n-out burgers, please come here too!! Then I don't need to visit north america! Except for the weather!

surfisup1000

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# 2143078 11-Dec-2018 11:33

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SpartanVXL:
floydbloke:

Just what a country with obesity problems needs!

Don't worry too much about Taco bell. I can personally assure you the majority of their menu goes straight through. If anything you lose weight! =)

Haha, I've never had an issue with them. In fact, their hygiene standards will be far higher than some of the so called quality food joints around auckland .

Maybe you have a weak stomach? The food can be spicy if you add all the hot sauces and some people can't handle that. I love it.

jamesrt

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# 2143087 11-Dec-2018 11:43

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freitasm: At last quality, tasty, real Mexican food in New Zealand!

Which reminds me, @freitasm, I've been meaning to ask for a while: Is there a way of adding a "sarcasm" BBCode ? :-)

hsvhel

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# 2143100 11-Dec-2018 11:50

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HiddenChin:

I hope they're bringing in some Baja Blast

100% you're toilets gonna get a Baja Blast, when i was there recently the locals called the 3bean 2 cheese taco the "bleeding colon"....i didn't try it......

SpartanVXL

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# 2143107 11-Dec-2018 11:56

surfisup1000:
SpartanVXL:
floydbloke:

Just what a country with obesity problems needs!

Don't worry too much about Taco bell. I can personally assure you the majority of their menu goes straight through. If anything you lose weight! =)

Haha, I've never had an issue with them. In fact, their hygiene standards will be far higher than some of the so called quality food joints around auckland .

Maybe you have a weak stomach? The food can be spicy if you add all the hot sauces and some people can't handle that. I love it.

Haha nah, I'm just memeing. The spice and bean combo does seem to mess up peoples digestion though, i'm personally alright with medium.

Should probably stop with the toilet (heh) humour, but at this point it pretty much comes with any mention of "Taco Bell".

dafman

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# 2143112 11-Dec-2018 12:00

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A quick google image search is enough for me and as close as I will get.

Can food look any more plastic and commercial than this?

allio

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# 2143113 11-Dec-2018 12:05

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Wilkinson said he expected the prices at Taco Bell to be in line with other Mexican food outlets, such as burritos priced around the $15 mark. "I don't think they will be able to do it much cheaper. I expect it to be on par with other options."

It will fail terribly if that's the case. The sole appeal of Taco Bell in the US is that it's cheap - you can get a tray full of passable burritos for six or seven bucks. If it's priced the same as Mexicali etc, there will be absolutely no point going there.

DarthKermit

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# 2143117 11-Dec-2018 12:17

homer Simpson would be proud.

surfisup1000

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# 2143258 11-Dec-2018 13:10

allio:

Wilkinson said he expected the prices at Taco Bell to be in line with other Mexican food outlets, such as burritos priced around the $15 mark. "I don't think they will be able to do it much cheaper. I expect it to be on par with other options."

It will fail terribly if that's the case. The sole appeal of Taco Bell in the US is that it's cheap - you can get a tray full of passable burritos for six or seven bucks. If it's priced the same as Mexicali etc, there will be absolutely no point going there.

Taco Bells competition is mcdonalds/kfc/bk, not mexicali!

If they serve a maccas experience for a mexicali price, then I agree they will fail.

Incidentally, I don't think much of mexicali at all. It doesn't taste authentic at all. The corn chips/rice are wrong, the guac is poor, sauce selection poor.

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