Investment holding company Kub Malaysia says it is open to selling its A&W Malaysia fast-food business if the price is right.
President/MD Datuk Abdul Rahim Mohd Zin says the group has received several offers for the franchise. “We are presently evaluating – it depends on the right price.”
However, Abdul Rahim reaffirms Kub’s commitment to a three-year development agreement ending June 2019 with A&W master franchisor Yorkshire Global Restaurants.
“We have to preserve the value of the asset by continuing to invest in new stores in compliance to the franchise development agreement.”
He says the group has allocated RM25 million (US$5.8 million) to continue with expansion plans under the agreement, comprising eight stores next year and nine more in 2019. Kub currently has 35 A&W outlets throughout Malaysia.