70 KFC restaurants to open under Rostic’s brand

The owner of KFC is the American company Yum! Brands – sold 70 restaurants of the network of the Izhevsk franchising company “Smart Service”. They are preparing for the opening under the Rostic’s brand. The sales contract also includes the rights to the master franchise and the management system.

“Include own restaurants, rights to a master franchise and a system for managing a network of franchised restaurants to the local franchise operator KFC – the Smart Service company managed by Konstantin Yuryevich Kotov and Andrey Eduardovich Oskolkov,” quotes RIA “Novosti” words of a source in the company.

Under the terms of the contract, the buyer is responsible for rebranding, as well as for maintaining jobs for the entire Russian team. The transaction will be considered completed when it is approved by government agencies and both parties fulfill all the conditions that they agreed on. The field of this Yum! Brands will cease its corporate presence in Russia. The opening of 70 restaurants is planned in stages from December in Moscow, the Moscow region and Khanty-Mansi Autonomous Okrug.

It should be noted that we are talking only about restaurants owned directly by KFC. This does not apply to franchise outlets, and there are more than a thousand of them throughout the country.

Earlier, Life wrote that Ile de Beaute stores are reopening their doors to Russian buyers. They will open at the site of Sephora brand outlets. Its flagship store in the Aviapark shopping center has already changed its sign, the rebranding of the remaining outlets will be completed by January 2023.

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