Loading...
See More

Yum acquires 68 KFC restaurants

Feb 08 2012 08:23 I-Net Bridge

Related Articles

Yum forecasts profit rise led by China

KFC warns of fake advert

More KFC stores on the way - report

KFC firm to expand African footprint

KFC outlets to double in Africa

Spur acquires DoRego's

 
Johannesburg - As part of its efforts to ramp up investment in South Africa and across the continent, Yum Brands, the parent company of KFC on Wednesday announced the purchase of 68 franchise stores from franchisee Kumnandi Food Company.

KFC currently has more than 660 locations in South Africa and 190 locations on the continent. This network will exceed 1 000 this year with over 700 of those in SA.

KFC managing director Keith Warren said that the acquisition of the 68 KFC sites situated in Johannesburg, Bloemfontein and Kimberley which had taken place last November, marked an important brand milestone for the organisation.

"This is a clear demonstration of KFC's commitment to making meaningful economic contributions to the markets we operate in as we actively grow our brands," he said.

Warren added that the acquisition of the restaurants back into Yum would see Yum have equity in its own restaurants for the first time in 10 years.

"This milestone comes at an important time in the economies of the broader region and is a clear commitment by KFC to play an active role across the world's great consumer frontier," he commented.


yum brands  |  kfc
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...