PFA Chairman Emeritus Samie Lim said during a virtual press conference that the industry started the year with a bustling 200,000 outlets (company-owned and franchised), but because of the pandemic and the long lockdowns, the industry would be left with only 130,000 franchise outlets by the end of this year. Pre-COVID, the PFA estimated around 2,000 franchise brands in the country, foreign and local.
This story is from the October 3,2020 edition of Manila Bulletin.
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This story is from the October 3,2020 edition of Manila Bulletin.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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