KFC cuts wings // Yum! Brands sells its business in Russia to Izhevsk Food Service

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American holding Yum! Brands has begun the process of transferring the Russian business, including 70 KFC restaurants and the brand’s master franchise, to a local partner. The buyer of an asset with an estimated value of 1.3 billion rubles. became the structures of the Izhevsk franchisees of the Food Service Group of Companies Konstantin Kotov and Andrey Oskolkov. According to Kommersant’s information, the new owner is obliged to gradually rebrand all 1,000 KFC establishments in Russia into Rostic’s. Experts do not rule out that not all franchisees will want to work under this brand, and landlords will increase rental rates for new partners.

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