Clean Break: the company completely halting Russian engagements or exiting Russia

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

 
 
 
 

Clean Break: the company completely halting Russian engagements or exiting Russia

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USA
Public Catering

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

Global 500
Revenue(RF), mln.USD
80
Restaurants and Caffees
1086
Staff
40000
Capital, mln.USD
63
Taxes, mln.USD
14
Assets, mln.USD
56

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. Madrid-based restaurant operator AmRest said it agreed to sell its KFC restaurant business in Russia for at least 100 million euros ($104.48 million) to Russian restaurant and entertainment company Almira.

The Company Statement
December 07, 2022

Company did advanced steps of transferring ownership of its KFC restaurants, operating system and master franchise rights, including the network of franchised restaurants, to a local operator. American holding Yum! Brands, which owns KFC, has entered into an agreement to sell 70 of its Russian restaurants and master franchise rights to a local partner, Smart Service Ltd. businessmen Konstantin Kotov and Andrey Oskolkov. The new owner was obliged to gradually rebrand all KFC establishments in Russia into Rosticʼs, signs will begin to change from 2023.

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Statements Archive
January 02, 2023KFC chain in Russia is going through turbulent times
September 05, 2022Update on Yum! Brands Plan to Exit Russia
October 25, 2022The owner of KFC is selling his chain in the Russian Federation - it can be called "Rostic's"
October 24, 2022KFC cuts wings
October 24, 2022Update on Yum! Brands Plan to Exit Russia
October 25, 2022The KFC franchise owner sold the Russian business. According to Kommersant, the network will be renamed Rosticʼs
October 24, 2022KFC restaurants to open in Russia under Rostic's brand
May 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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