# KFC franchisees in Russia ask govt to halt sale of stores to local operator – RIA
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2023-01-12
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: Russian KFC Franchisees Seek Stoppage of Sale to Local Operator
Meta Description: Russian KFC franchisees urge government to block sale of Yum! Brands business to local operator, citing concerns over impact on restaurant market.
URL: https://fintechherald.com/kfc-franchisees-in-russia-ask-govt-to-halt-sale-of-stores-to-local-operator-ria

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MOSCOW (Reuters) – A number of KFC franchisees in Russia have asked the government to stop the sale of the Yum! Brands restaurant business to the local operator, the RIA news agency said, citing Russia’s restaurant market commissioner.

Yum Brands said in October that it had reached a deal to sell its KFC restaurants in Russia to Smart Service Ltd.

According to RIA, some franchisees have asked the Russian government to suspend the sale as it could hurt the restaurant market. The deal needs a Russian government commission’s approval.

(Reporting by Reuters; Editing by Jacqueline Wong)


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