Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

KFC is an American fast food restaurant chain that specializes in fried chicken. It is the world's second-largest restaurant chain.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500
Revenue, mln.USD
61
Restaurants and Caffees
1086
Staff
40000
Capital, mln.USD
62
Taxes, mln.USD
14

At the end of 2021, 1,086 restaurants were opened in Russia, while more than seven hundred establishments were owned by Russian businessmen, working on a franchise.

The Company Statement
July 06, 2022

Company is also in advanced stages of transferring ownership of its KFC restaurants, operating system and master franchise rights, including the network of franchised restaurants, to a local operator.

March 09, 2022YUM! BRANDS IS SUSPENDING OPERATIONS OF KFC COMPANY-OWNED RESTAURANTS IN RUSSIA; FINALIZING AGREEMENT TO SUSPEND ALL PIZZA HUT RESTAURANT OPERATIONS IN RUSSIA
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