In total, approximately 50 Pizza Hut restaurants and more than 1.1 thousand KFC outlets operate in Russia.
American corporation Yum! The brands, which own the KFC and Pizza Hut brands, said it had negotiated to sell Russian KFC restaurants to a local operator. Then Yum! The brands will be completely leaving Russia, according to its website on Tuesday, July 5th.
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“Last month, Yum! Brands completed the transfer of ownership of all Pizza Hut franchise assets to a local operator, initiating the process of rebranding the establishments. Including a range of franchised restaurants, to a local operator. After completing the transfer KFC Yum! brands intend to completely leave Russia, “the message said.
After the sale of Russia’s KFC outlets, the company will completely leave Russia. In total, approximately 50 Pizza Hut restaurants and more than 1.1 thousand KFC outlets operate in Russia.
Back in March, Yum! The brands announced its intention to leave Russia in connection with Moscow’s special operation against Ukraine. The other day, the company announced that it was ending all investments. Done with Yum! The brands announced their intention to use all proceeds from the Russian market to help Ukrainian refugees.
Earlier in Russia, after a three -month downtime, McDonald’s former fast food restaurants resumed work. They got the name Tasty and that’s it. The restaurant chain itself was sold to a businessman from Kuzbass Alexander Govor, who, since 2015, manages 25 restaurants in Siberia on a franchise basis.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.