Replies to post #3255 on The Rising Influence of Rising Affluence

[oldberkeley]

And not all Western food forays have succeeded here, as some companies have stumbled over cultural differences difficult to anticipate. Campbell Soup, for example, left Russia this year because of soft sales on four flavors of soup stock sold in pouches.

And they also struck-out in China for the same reason: the emerging middle-classes don't want to cook, they've had home cooking up to here for 5,000 years, they want to do what Americans do, they want to eat out! :-)

[wow_happens28]

YUM moving into Argentina as well as Russia, Quiznos and Wendy's alrady announced Argentina plans.>>>

http://www.qsrweb.com/article/181864/Yum-Brands-looks-to-Argentina-for-expansion

As China continues to provide a boon for Yum! Brands restaurants such as KFC and Pizza Hut, the Louisville, Ky.-based company is now looking at other international markets for expansion.

Stocks and Shares reported that the company anticipates entry into Argentina later this year.

Micky Pant, president of Yum! International, said that the timing is right as general wage inflation around the world is low, countering commodity price increases.

Argentina has been on the radar for a few quick-service expansions. Wendy's announced early this year that it plans to develop 50 units there within the next 10 years. Quiznos signed a development deal for Argentina last year.