Pause operations: company temporarily curtailing operations while keeping return options open

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Yum! Brands, Inc., Yam Brands is an American food service corporation.

Pause operations: company temporarily curtailing operations while keeping return options open

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Revenue(RF), mln.USD
246
Staff
14000
Glob.Revenue, mln.USD
6584
Capital, mln.USD
103
Assets, mln.USD
132

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. Later, in the beginning of 2023 KFC franchisees in Russia ask govt to halt sale of stores to local operator.

The Company Statement
November 24, 2022

Suspending all investment and restaurant development in Russia. Profits from Russia redirected to humanitarian efforts. Donation $1M to Red Cross and employee matching funds to other humanitarian organizations. Pizza Hut has 50 company owned locations. KFC is suspending 70 locations; over 1000 franchisee owned locations will remain open.

January 12, 2023KFC franchisees in Russia ask govt to halt sale of stores to local operator - RIA
July 05, 2022Update on Yum! Brands Plan to Exit Russia
February 09, 2022YUM! Brands Suspends 70 KFC Restaurants in Russia
March 09, 2022Yum! Brands to pause KFC operations in Russia
February 08, 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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