GBAF Logo
Top Stories

KFC franchisees in Russia ask govt to halt sale of stores to local operator – RIA

Published by Uma Rajagopal

Posted on January 12, 2023

1 min read

· Last updated: February 2, 2026

Add as preferred source on Google
A KFC restaurant in Russia amidst franchisee concerns about ownership changes - Global Banking & Finance Review
This image depicts a KFC restaurant in Russia, highlighting the ongoing concerns of franchisees regarding the sale of Yum! Brands' KFC operations to a local operator. The situation reflects broader implications for the Russian restaurant market.
retail trade financial community business investment
Global Banking & Finance Awards 2026 — Call for Entries

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 […]

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)

Frequently Asked Questions

What is a franchise?
A franchise is a business model where an individual or group (franchisee) is granted the rights to operate a business under the brand of another company (franchisor) in exchange for a fee.
What is a local operator?
A local operator refers to a business entity that operates within a specific geographic area, often focusing on local markets and catering to the needs of the community.

Tags

Related Articles

Image for Why Curiosity Is the Hidden Engine Behind Every Big Idea

Why Curiosity Is the Hidden Engine Behind Every Big Idea

Image for The Silent Shift Reshaping Global Finance

The Silent Shift Reshaping Global Finance

Image for The Invisible Forces Rewiring Global Finance—And Why the Shift Is Already Underway

The Invisible Forces Rewiring Global Finance—And Why the Shift Is Already Underway

Image for The Global Finance Reset No One Is Talking About—But Everyone Is Feeling

The Global Finance Reset No One Is Talking About—But Everyone Is Feeling

Image for The Financial Trend Hiding in Plain Sight—Why Everything Feels the Same, But Isn’t

The Financial Trend Hiding in Plain Sight—Why Everything Feels the Same, But Isn’t

Image for The Financial System’s New Rhythm—Why Change Is Happening Without Disruption

The Financial System’s New Rhythm—Why Change Is Happening Without Disruption

More from Top Stories

Explore more articles in the Top Stories category

Image for The Subtle Forces Reshaping Global Finance—And Why They Matter Now
The Subtle Forces Reshaping Global Finance—And Why They Matter Now
Image for The Quiet Realignment of Global Finance—Why the System Is Changing Without a Shock
The Quiet Realignment of Global Finance—Why the System Is Changing Without a Shock
Image for The Global Financial Shift That Feels Small—But Is Changing Everything
The Global Financial Shift That Feels Small—But Is Changing Everything
Image for The Financial System’s Invisible Pivot—Why the Biggest Changes Don’t Make Headlines
The Financial System’s Invisible Pivot—Why the Biggest Changes Don’t Make Headlines
Image for Why Global Supply Chains Are Becoming Smarter, Faster, and More Resilient
Why Global Supply Chains Are Becoming Smarter, Faster, and More Resilient
Image for Why Workforce Agility Is Becoming Critical in the Future of Work
Why Workforce Agility Is Becoming Critical in the Future of Work
Image for Why Global Trade Is Entering a New Era of Resilience and Reinvention
Why Global Trade Is Entering a New Era of Resilience and Reinvention
Image for Why Cybersecurity Is Becoming a Core Business Priority in the Digital Economy
Why Cybersecurity Is Becoming a Core Business Priority in the Digital Economy
Image for Why Data-Driven Decision-Making Is Becoming the Backbone of Modern Business Strategy
Why Data-Driven Decision-Making Is Becoming the Backbone of Modern Business Strategy
Image for How Real-Time Data Is Redefining Decision-Making in the Digital Economy
How Real-Time Data Is Redefining Decision-Making in the Digital Economy
Image for Why Cash Flow Visibility Is Becoming the Most Critical Metric for Business Survival
Why Cash Flow Visibility Is Becoming the Most Critical Metric for Business Survival
Image for How Digital Payments Are Redefining the Speed and Scale of Global Commerce
How Digital Payments Are Redefining the Speed and Scale of Global Commerce
View All Top Stories Posts