77 Million Euro Investment for 78 New Restaurants in Madrid

The Alsea Group will allocate this amount over the next five years, creating approximately 2,400 jobs in the Community of Madrid.

Generic image of a modern restaurant facade with blurred lights.
IA

Generic image of a modern restaurant facade with blurred lights.

The Alsea Group has announced a 77 million euro investment in the Community of Madrid over the next five years, which will lead to the opening of 78 new restaurants and the creation of approximately 2,400 jobs.

The announcement was made during an institutional trip to Mexico, where the company's commitment to the region was highlighted. The investment underscores Madrid's importance as a strategic hub for the group's European operations and international expansion.

"This is great news, and we are delighted to be here to continue working with these companies that provide so much employment and prosperity to many corners of the world, including our great region."

the regional president
Currently, the Alsea Group operates 377 establishments in the Community of Madrid, employing around 9,000 people. The Spanish capital hosts a significant portion of the company's corporate structure in Europe, including its Support and Shared Services Center.
The relationship between the Community of Madrid and the business group is historical, as renowned brands such as VIPS (founded in 1969), Foster’s Hollywood (created in 1971), and Ginos (inaugurated in 1985) originated in the region. Furthermore, Madrid was the chosen city for the opening of the first Starbucks in continental Europe in 2002, and the group has managed Domino’s Pizza operations in Spain since 2009.