KFC's Thailand Operator Plans Sale Of Franchise Valued At $300M- Reuters

by Shivani Kumaresan, Benzinga Staff Writer

July 25, 2022 12:13 PM | 1 min read |

Yum! Brands Inc YUM owned KFC’s Thailand operator, Restaurants Development Company, is planning to sell its KFC franchise business, Reuters reported.
The franchise business in Thailand is valued at about $300 million.
Restaurants Development, with the help of a consortium led by private equity firm AIGF Advisors Pte Ltd, is in talks with potential buyers.
The company was planning the sell-off way before in 2020 but shelved it due to the outbreak of the COVID-19 pandemic.
With businesses bouncing back to pre-pandemic levels boosted by high consumer confidence, the sale plan is back.
Price Action: YUM shares are trading lower by 2.35% at $116.64 on the last check Monday.
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