date:Oct 15, 2012
out beyond Lima to the other thriving cities.
U.S. chains have cemented their domination of the industry in the past decade and today have 60 percent of the market. McDonalds, based in Oak Brook, Illinois, and New York-based Burger King led the expansion in sales last year, followed by Bembos. In more-developed markets such as Brazil and Mexico, local brands account for 92 percent and 70 percent of sales respectively, according to the chamber.
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Foreign brands have much more exp