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KFC franchisees in Russia ask govt to halt sale of stores to local operator – RIA
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MOSCOW (Reuters) – A number of KFC franchisees in Russia have asked the government to stop the sale of the Yum! Brands restaurant
MOSCOW (Reuters) – A number of KFC franchisees in Russia have asked the government to stop the sale of the Yum! Brands restaurant business to the local operator, the RIA news agency said, citing Russia’s restaurant market commissioner.
Yum Brands said in October that it had reached a deal to sell its KFC restaurants in Russia to Smart Service Ltd.
According to RIA, some franchisees have asked the Russian government to suspend the sale as it could hurt the restaurant market. The deal needs a Russian government commission’s approval.
(Reporting by Reuters; Editing by Jacqueline Wong)
Frequently Asked Questions about KFC franchisees in Russia ask govt to halt sale of stores to local operator – RIA
1What is a franchise?
A franchise is a business model where an individual or group (franchisee) is granted the rights to operate a business under the brand of another company (franchisor) in exchange for a fee.
2What is a local operator?
A local operator refers to a business entity that operates within a specific geographic area, often focusing on local markets and catering to the needs of the community.
