Indian franchisee takes over KFC franchise in Thailand

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Devyani International, India’s KFC franchisee, is acquiring Thailand’s Restaurants Development Co, the operator of KFC in Thailand, for USD 128.9 million. The deal, expected to be finalized by March 2024, includes 274 KFC outlets in Thailand with over 4500 employees. Devyani will hold a 51% stake, w...

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Zahrah Imtiaz
Managing Editor, based in Colombo, Sri Lanka.