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McDonald's to expand in Peru

Published on .

LIMA -- McDonald's Corp. is advertising in Peru's main business dailies for a partner to manage its business in the country. The fast food marketer is looking for "an individual partner with considerable business experience" who is willing to invest at least $2 million.

Eduardo Sanchez, the company's VP for Latin America, says McDonald's is looking for a partner that can manage its seven restaurants and negotiate potential franchise options with other independent partners.

Jose Hernandez, the company's general man- ager in Peru, says McDonald's would like to open at least 40 more restaurants in Peru by the year 2005.

McDonald's has been operating in Peru for three years, but quickly broke with its local partner. The company's restaurants are currently run directly by the parent company in the U.S.

Copyright October 1998, Crain Communications Inc.

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