HALISTER: Yum! Brands Plans to Sell KFC in Turkey as Part of Global Drive

Yum! Brands Plans to Sell KFC in Turkey as Part of Global Drive

(Bloomberg) -- Co. is planning to refranchise restaurants that it owns in Turkey in line with a global growth plan announced in Oct. for KFC, Pizza Hut, Taco Bell brands, it says in e-mailed response to questions from Bloomberg.
  • “KFC Turkey will increasingly grow through its franchisees”
  • “The company plans to refranchise its KFC restaurants in Turkey with a focus on equipping and recruiting the best restaurant operators to deliver great customer experiences and drive brand growth in the region”
  • NOTE: Yum! Brands announced on Oct. 11 that it will increase its franchise restaurant ownership to at least 98% globally by fiscal year ending 2018; That’s up from 77% in Oct.
  • NOTE: Kentucky-based co. said in 2015 it plans to add 400 KFC restaurants in Turkey in 5 yrs; co. has 104 KFC restaurants in the country, according to Turkey unit’s website
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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0849716D TI (Suzer Holding AS)
YUM US (Yum! Brands Inc)

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