Max’s Group Inc. said Thursday it will expand its casual dining restaurant business in Indonesia and Malaysia as a part of the target to open 200 stores overseas by 2020.
“We only have Pancake House in Malaysia. In Indonesia, we don’t have a store yet. But we are looking at that country. Hopefully we should find a franchisee next year,” Max’s Group president and chief executive Roberto Trota told reporters during the company’s annual stockholders’ meeting.
The company targets to establish 1,000 stores globally, including 200 outside the Philippines by 2020.
“Right now, we have a commitment of 131 [stores abroad] already. As of today that will be opening in the next few years, so we believe at a pace we are going for international. We will definitely hit our 200 stores,” Trota said.