Yoshinoya to open 100 outlets as recession bites food budgets
Posted on 12:52 PM, under Global Economy, Pessimism
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Bloomberg
Yoshinoya Holdings Co., Japan's largest chain of beef-bowl restaurants, plans to add a record 100 outlets in its home market next fiscal year as demand for budget meals increases from recession-hit consumers.
The Tokyo-based company aims to increase restaurants in Japan to at least 1,194 by February 2010 and accelerate an expansion in China, adding 60 outlets to the 185 already open there, President Shuji Abe said.
"The market is harsh but conditions for investing and opening new stores are positive," Abe said in an interview broadcast Thursday on Bloomberg Television.'
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