Yum! Brands Inc. is "at an advanced stage" of transferring ownership of KFC fast food restaurants and franchise in Russia to a local operator. This message was spread by the company's press service.
In June Yum! Brands transferred the Pizza Hut franchise to a local operator, he launched a rebranding of establishments, Interfax reports.
After the deal with KFC the company Yum! Brands will completely leave Russia.
Let us remind you that earlier the company suspended the operation of its restaurants in Russia, the development of the network and investments, and promised to transfer all profits from operations to humanitarian purposes.