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KFC India to sell restaurants to Devyani International

Tuesday, 25 Jun 2019
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Yum! Brands’ KFC India is selling off 61 equity-owned restaurants to diversified group RJ Corp-promoted Devyani International (DIL) for an undisclosed amount. This is in line with KFC India’s global strategy to exit capital-intensive operations and focus on brand growth and development.

The restaurants are located in Karnataka, Andhra Pradesh and Telangana. The latest divestment is in continuation of the sell-off in November 2018, when KFC India divested 13 restaurants to DIL for the Kerala and Goa markets.

With the latest divestment, less than 10 percent of KFC India’s 400 outlets across over 100 cities are now company-operated. Going forward the company is targeting to better 2018 expansion of setting up 50 additional outlets, which are predominantly expected to be through franchisees.

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