KFC parent Yum pausing development in Russia, a key market
Published on: Wednesday, March 09, 2022
Published on: Wed, Mar 09, 2022
By:
Malay Mail, Reuters
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Yum also said it was suspending operations of its 70 KFC company-owned restaurants in the country and finalising an agreement to suspend all Pizza Hut restaurant operations in Russia, in partnership with its master franchisee. — Reuters pic
NEW YORK: Yum Brands Inc, parent company of fried chicken chain KFC, said it was pausing investment in Russia, a key market that helped the brand achieve record development last year.