KFC’s Polish franchisee, Amrest’s holding company, terminated the sales agreement with Almira LLC and signed a new contract with Smart-Service. It is reported by RBC with reference to the franchisee’s message.
Amrest was to sell 214 KFC restaurants to Almira and on February 21 received FAS approval for this deal.
The new buyer was the Izhevsk franchisee “Smart-Service”, which managed 41 outlets. In November, Smart-Service bought 70 KFC restaurants.
The transaction will require a new permit from the antitrust authority.
In total, as of June 2022, 1,058 partner KFC fast food restaurants operated under the franchise system in Russia. American holding Yum! Brands, which owns the chain, began the process of transferring the Russian business in October last year.
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