KFC India sells 13 restaurant stores to franchise partner Devyani

INDIA – KFC India, fast food restaurant chain owned by American Yum! Brands, is re-strategizing and has sold an additional 13 restaurants to Devyani International, its largest franchise partner, which is promoted by Ravi Jaipuria’s RJ Corp, reports ET Retail. Devyani has acquired KFC restaurants in Kerala and Goa, as part of KFC’s strategy to…

Zimbabwe’s fast food and retail operators re-open as the economy improves

ZIMBABWE – Zimbabwe’s fast food chains and retail operators have reopened their stores after closing down on difficult trading and economic conditions that rocked the country in the recent past. Among them KFC (Kentucky Fried Chicken) and OK Zimbabwe had blamed their closure on rising operational costs, shortages of fuel and raw materials among other…

Yum Brands income jumps 8.6% powered by more Taco Bell and KFC diners

USA – American fast food company Yum! Brands has posted strong quarterly performance with 8.6% rise in net income to US$454 million from $418 million in the comparable period last year. The company results indicated that strong sales at KFC and Taco Bell offset continued weakness at Pizza Hut which is losing to competitors in…

Anti-Profiteering agency questions Subway, KFC and Pizza Hut on tax cuts

INDIA - The National Anti-Profiteering Authority (NAPA) has questioned Subway, Yum Restaurants owned Pizza Hut and Kentucky Fried Chicken (KFC) for not fully passing on cuts in goods and services tax (GST) rates to consumers. The fast food restaurants were indicated to have impartially adhered to lower GST rates by passing tax cuts on select…

KFC franchisee Devyani to invest US$145m ahead of listing, appoints former KFC MD

INDIA - Devyani International Ltd (DIL) has announced plans to invest more than US$145 million ahead of the initial public listing of shares and has appointed former KFC India managing director Rahul Shinde as executive director. According to the company, roping in Shinde, who last year had relocated to the US as global CFO for…

KFC to open four more outlets to stay ahead of rivals

KENYA - Kentucky Fried Chicken (KFC), the US-based fast food restaurant chain is set to open four more outlets in the Kenyan capital Nairobi by the end of this year even as competition from other fast food chains increases. According to a report by Business Daily, KFC which operates locally through franchise Kuku Foods East…

KFC UK and Ireland commits to 20% calorie reduction by 2025

UK - KFC UK and Ireland have announced a commitment to remove 20% of calories per serving by 2025 by offering healthier and lighter side options in its menus in the UK and Ireland. KFC is also considering offering alternatives to fries, low or zero-calorie soft drinks and a trial on vegetarian option set to…

Domino’s unveils pizza delivery ‘hotspots’ amidst competition heat-up

USA - Domino’s Pizza Inc, the American pizza restaurant chain has stepped up its pizza delivery system with new delivery ‘hotspots’, giving consumers convenience of picking up their products at set-off points. The initiative allows customers to find the pick-up points with the location services on their smartphones, opening new sales opportunities for the company.…

KFC returns to its old supplier Bidvest for chicken supplies after shortage

UK - KFC is returning to its old supplier, Bidvest Logistics, the leading supplier of logistics and supply chain, to resolve the embarrassing chicken shortage that forced the closure of hundreds of outlets last month. BBC news reported that Bidvest has signed a new agreement with KFC UK & Ireland to supply up to 350…