Yum Brands Inc, parent company of KFC and Pizza Hut, will spend 27 billion baht to double its total outlets in Thailand to 1,000 by 2020.
David Novak, the chairman and chief executive, said the company is continuing to expand and invest in Thailand because the country is urbanising.
Thailand is only 35% urbanised compared with 80% in the US and Malaysia. It is expected urbanistion could reach 52% in Thailand by 2020.
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