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…

RJ Corp keen to acquire more of PepsiCo India’s bottling operations

INDIA - Ravi Jaipuria, the promoter of RJ Corp, is keen to acquire PepsiCo’s bottling operations in India that his group doesn’t already own. “Whether PepsiCo wants to give us more is a call they have to take. We are keen. But it depends on them,” Jaipuria, promoter of the $1.6-billion diversified RJ Corp, said…