AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

KFC India sells 13 restaurant stores to franchise partner Devyani

Nov 28, 2018Nov 30, 2018 Editor

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 unlock growth for the brand. KFC is said to be seeking to reduce ownership of restaurants and become a brand custodian as it looks to push growth in the Indian market with a billion-plus potential…

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

Feb 9, 2018 Editor

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 when asked if he would be interested in acquiring the bottling rights of the cola company nationally. RJ Corp is PepsiCo’s second-biggest bottler globally. PepsiCo contributes close to half of the group’s business now, Jaipuria…