KFC Thailand franchisee mulls US$200m potential sale: report
Talks are at an early stage.
One of KFC’s biggest franchisees in Thailand is exploring the sale of the fast food business for about US$200 million.
Citing people with knowledge of the matter, Bloomberg reported that Restaurants Development Co. is working with at least one adviser on the potential sale.
The talks are reportedly “still at an early stage” with no guarantee they will result in a transaction.
Restaurants Development operates about 200 KFC outlets that employ about 4,000 staff throughout the country. The buyer, if the sale proceeds, will join retail conglomerate Central Group of Companies Co. and beer giant Thai Beverage Pcl in operating hundreds of KFC outlets in Southeast Asia’s second-largest economy.
Read the full report here.