Mexican franchises seek to conquer China, Japan and South America

By Elliot Bullman

KidZania will launch 14 theme parks through Chinese partners, while Donas Beleki has already had talks to launch in Japan and 40 other companies will land in Central and South America.

Approximately 45 Mexican franchisees that are not afraid of the walls or hate speech of US President Donald Trump because they are prepared to leave behind the reliance on the US market and conquer Latin American, Chinese and Japanese countries.

PORTADA FRANQUICIAS

Some 40+ Mexicans who own franchise brands will seek to reach Central and South America, areas that are very appetizing.

"We feel very comfortable going to South America," says José Luis Navarro Chinchilla, outgoing president of the Mexican Franchise Association.

Mexican companies are complicating their arrival in the United States, as they ask for state certifications, local procedures, adds the Mexican investor.

Kidzania 1

In 2017, the Mexican Association of Franchises estimates that companies will open between 15 and 20 new units, whose investment ranges from 300,000 pesos to 3 million pesos. The openings will generate 10,000 jobs in Mexico. Currently, 85% of franchises are Mexican and 13% are of US origin.

Mature brands have the conditions to grow in distant markets to Mexico, for example "Kidzania is a company that has experience at an international level and have opened in places that the truth my respects, because they are far away places."

Captura de pantalla 2017 03 13 a las 12.26.30 p.m..pngStill taken from Beleki Minidonuts CO.'s website

"In Japan we had contact with investors in the food sector," says Julio Beleki, CEO and founder of Beleki Brands.

The businessman travelled last year to meet the Japanese market, a nation where "the owner is well-seen and they are looking for Latin American concepts"

RELATED NEWS

  • US moves to block AT&TUS moves to block AT&T's takeover of Time Warner
  • Uber Paid Hackers $100,000 for Silence On Cyberattack That Exposed 57 Million PeopleUber Paid Hackers $100,000 for Silence On Cyberattack That Exposed 57 Million People's Data
  • Minimum salary will rise 8.32 pesos in DecemberMinimum salary will rise 8.32 pesos in December
  • ZimbabweZimbabwe's President Robert Mugabe resigns after 4 decades as leader.
  • More than half of the digital native media in Mexico has suffered cyber attacksMore than half of the digital native media in Mexico has suffered cyber attacks
  • Vicente Fox warns Trudeau not to be Vicente Fox warns Trudeau not to be 'Judas' on Nafta
  • REITS unharmed and even strengthened from the REITS unharmed and even strengthened from the 'Trump storm'
  • Tesla unveils first battery powered truckTesla unveils first battery powered truck
  • US game maker launches stunt to snarl plans for border wall with MexicoUS game maker launches stunt to snarl plans for border wall with Mexico
  • Bajío, a clear example of Mexico´s digital transformationBajío, a clear example of Mexico´s digital transformation
  • Most Millennials are Faring Worse than their Parents: StudyMost Millennials are Faring Worse than their Parents: Study
  • Mexico prepares macroeconomic contingency plan in case NAFTA talks breakdownMexico prepares macroeconomic contingency plan in case NAFTA talks breakdown
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2017