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The surge in food deliveries is significantly transforming KFC China, the country’s top restaurant brand, leading to increased sales but tighter profit margins. Delivery sales for the brand witnessed a year-on-year growth of 33%, making up approximately 55%…
The US-based private equity firm, The Carlyle Group, has successfully acquired KFC Korea. With this acquisition, the firm aims to expand the existing 200-store portfolio of the popular restaurant chain in South Korea. The deal, which was initially announced…
Yum China, the parent company of KFC in China, reported a significant expansion in its digital loyalty programs which now boast over 590 million members, accounting for over 40% of the country’s population. Growth in Loyalty Programs According to Yum China’s…
Yum China, operating KFC and Pizza Hut in China, is strategically planning to double its store count within the next six years. This ambitious plan is built on the company’s consistent growth record and the vast untapped potential of the Chinese consumer…
KFC Australia has stirred up a buzz in the culinary world with its unique food fusion, the Zinger Banh Mi. This novel dish marries KFC’s crispy chicken fillet with a classic Vietnamese sandwich, introducing a fresh and somewhat unconventional dining…
Step aside, Labubu. A new captivating character is capturing our affections, and it doesn’t hail from Pop Mart. The Butterbear, a charming mascot from Thai bakery Butterbear, is quickly gaining fame. So, it was only a matter of time before brands jumped on…
Yum China, KFC’s operator in the country, has discreetly introduced a fresh pilot concept by the name of Fried Chicken Brothers, further diversifying its localized sub-brands. The pilot currently runs two compact stores in Shanghai, each approximately 20sqm…
KFC Indonesia reported a net loss of IDR557.08 billion (over US$36 million) as of the third quarter of this year, resulting in the company’s closure of 47 outlets and sack of 2,274 employees. In its financial report, KFC Indonesia’s owner, Gelael and Salim…
Yum Restaurants India is reported to have sold its 4.4 per cent share in Devyani International for US$105 million. Devyani International, from which Yum Restaurant acquired the stake in 2021, is the main franchisee of Yum Brands in China, operating KFC, Pizza…
The boss of major KFC franchisor in Australia, Collins Foods, still believes that the company’s quick-service Mexican food business Taco Bell can succeed in the Australian market despite the brand’s results hitting the group’s full-year profits. Revenue at…
Collins Food’s wholly-owned Dutch subsidiary (Collins Foods Netherlands Operations) has entered into a share purchase agreement to acquire eight KFC restaurants in the Netherlands from R. Sambo Holding. The purchase price, which will be funded from Collins…
Orchestra Private Equity, a private equity firm based in Singapore, has signed a stock purchase agreement to acquire chicken franchise KFC Korea, according to industry sources on Friday. Under the deal signed on Thursday, Orchestra PE will purchase a 100…
All four brands that Jollibee Foods Corp of the Philippines operates in Vietnam, including coffee chain Highlands Coffee, posted losses last year. The corporation, founded by Filipino billionaire Tony Tan Caktiong, established its first company in the…
KFC may be known for its fried chicken, but it’s about to make a move into the fashion world, teaming up with HYPE to launch a 47-piece clothing line. The fast food chain has collaborated with lifestyle brand HYPE to create a collection of clothes and…
Restaurants Development Company is exploring the sale of its KFC franchise business in Thailand, valued at roughly $300 million, as revenue rebounds with a recovery in Southeast Asia’s second-largest economy, three sources aware of the matter said. The…
Listed fast-food chain operator Collins Foods has reported positive same-store sales growth across both its European and Australian markets despite a turbulent economic climate. The company’s Taco Bell and KFC franchisees in Australia achieved revenue growth…
