Euro
Arrow
55,7346
Dollar
Arrow
49,5704
Sterling
Arrow
66,3263
Gold
Arrow
6601,8480
BIST 100
Arrow
11.797
Home > Photo Gallery > KFC and Pizza Hut's Turkey rights terminated: Are operations continuing? Statement released

KFC and Pizza Hut's Turkey rights terminated: Are operations continuing? Statement released

Yum! Brands has terminated its franchise agreement regarding KFC and Pizza Hut restaurants in Turkey. İş Holding stated that this decision was made hastily and due to financial concerns, and announced that the restaurants are continuing their operations.

Facebook X WhatsApp Mail Google News SUBSCRIBE Google News
Published: 09.01.2025 09:31 Updated: 09.01.2025 09:31 News Source : 12punto
KFC and Pizza Hut's Turkey rights terminated: Are operations continuing? Statement released 1 / 8

World-famous fast food chain Yum! Brands has terminated its franchise agreement regarding KFC and Pizza Hut restaurants in Turkey. It was noted that due to the decision, 537 restaurants operating in Turkey could temporarily close.

KFC and Pizza Hut's Turkey rights terminated: Are operations continuing? Statement released 2 / 8

A HASTILY MADE DECISION?

İş Holding, which holds the rights to the two brands in Turkey, stated that the decision was made due to financial concerns and in a hurry.

KFC and Pizza Hut's Turkey rights terminated: Are operations continuing? Statement released 3 / 8

Yum! Brands announced that it has terminated its franchise agreements with İş Gıda, the operator of all KFC and Pizza Hut restaurants in Turkey.

KFC and Pizza Hut's Turkey rights terminated: Are operations continuing? Statement released 4 / 8

While the company stated that the termination process would affect 283 KFC and 254 Pizza Hut restaurants, it cited İş Gıda's failure to meet Yum! Brands standards as the reason for the decision.

KFC and Pizza Hut's Turkey rights terminated: Are operations continuing? Statement released 5 / 8

STATEMENT RELEASED ON THE MATTER

In a statement regarding the issue from İş Gıda, a subsidiary of İş Holding AŞ, it was noted that the company, which is the owner and operator of KFC and Pizza Hut restaurants in Turkey, incorporated the KFC brand in 2020 and the Pizza Hut brand in 2022, and increased the total number of restaurants to 537 within the first 3 years, representing a 300 percent growth.

KFC and Pizza Hut's Turkey rights terminated: Are operations continuing? Statement released 6 / 8

'OPERATIONS ARE CONTINUING' STATEMENT

The statement, which noted that İş Gıda, providing employment to approximately 7 thousand people as of 2025, was deemed worthy of the Yum! Growth Partner Award by Yum! Brands Global in 2023 thanks to this performance, included the following: "The compliance of all our KFC and Pizza Hut restaurants with global operational standards is regularly audited by independent audit firms approved by Yum! Brands, and since our operation meets these quality standards, it continues its activities without interruption."

KFC and Pizza Hut's Turkey rights terminated: Are operations continuing? Statement released 7 / 8

The statement reported that the process regarding the unilateral termination decision, which is claimed to have been taken by Yum! Brands as a result of a hasty evaluation due to financial concerns, is ongoing.

KFC and Pizza Hut's Turkey rights terminated: Are operations continuing? Statement released 8 / 8



News Source : 12punto

Tags

Yum! Brands KFC Pizza Hut