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Yum! Brands ends deals with Turkish franchisee, closing 283 KFC and 254 Pizza Hut locations.
Yum!
Brands has terminated its franchise agreements with IS Gida in Turkey due to operational standards failures, leading to the temporary closure of 283 KFC and 254 Pizza Hut locations.
The company plans to seek a new franchisee and reopen as many restaurants as possible.
Yum!
Brands will incur a $60 million pre-tax charge in Q4 2024 related to the terminations and other operations.
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Yum! Brands termina acuerdos con franquiciado turco, cerrando 283 KFC y 254 Pizza Hut ubicaciones.