INSUBCONTINENT EXCLUSIVE:
franchise rights will transfer to Smart Service Ltd, which is run by existing KFC franchisees Konstantin Kotov and Andrei Oskolkov.Smart
Service will be responsible for retaining KFC employees in Russia and rebranding locations to a non-Yum concept.The Izhevsk-based buyers are
consultant in the sales agreement.The company has already sold its Pizza Hut business to Russian company Noi-M in a deal worth approximately
invasion of Ukraine.The company has more than 1,000 fast-food restaurants in Russia, out of which almost 70 are operated by the firm and the
restaurants in Russia to one of its local licensees for an undisclosed sum
The chain was reopened in June under the name Vkusno i Tochka (Tasty - Period).Starbucks similarly sold its business in the country to a
Russian restaurateur and a pro-Putin rapper, who re-opened the rebranded Stars Coffee in August.
