LT: Premier Capital to invest EUR 8mn in McDonald's in Lithuania.

By bne IntelliNews November 18, 2010
Lithuanian McDonald's catering network operator Premier Capital announced that it would invest LTL 28mn (EUR 8mn) into development and expansion of the network. The company plans to invest the sum till 2013 with which to renovate current restaurants, and as well open three new restaurants. After the expansions there would be 11 McDonald's restaurants. Virginija Girulska, market manager for Lithuania, indicates that in December a new and the biggest restaurant in Kaunas is due to open, which had investments of LTL 6.6mn. In 2009 the restaurants saw total 3.8mn of visitors, which indicated decline of 6% y/y.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335