Yeah ... many A&W outlets closing ... the known 'bear' no longer smiling.It is a bull-market now ... BEAR is not welcomed!! Hmm ...  I do like the rootbear float.

http://www.rootbeer.com.my/


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KUB Malaysia Bhd will close 34 A&W outlets -- 24 in Malaysia and 10 in Thailand -- this year, to reposition its business and operations to achieve sustainable growth, said Group Managing
Director Datuk Wan Mohd Nor Wan Ahmad.

The repositioning will be led by a comprehensive plan in its agro, liquefied petroleum gas (LPG), and property, engineering and construction (PEC) businesses.

"We will retain only outlets that have heavy traffic based on the increase in sales, and we are looking at ways to increase customers' satisfaction," he told reporters after the company's annual general meeting here today.

The comprehensive plan has been approved by the board and the restructuring will address issues such as strengthening core competencies, enhancing business fundamentals, nurturing in-house talent and strengthening capital position, he added.

KUB incurred a net loss of RM58.8 million for the year ended Dec 31, 2011 on a revenue of RM708.5 million.

According to Wan Mohd Nor, the losses were mainly attributed to the group's food operations, spearheaded by its subsidiaries A&W (Malaysia) Sdn Bhd and A&W Restaurants (Thailand) Ltd Co.

A&W in Malaysia and Thailand faced major setbacks in the 2011 fiscal year where it recorded losses totalling RM44.5 million, of which 50 per cent was caused by impairment losses.

Bye-bye ... BEAR ... welcome BULL ...
TEH