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Franchise Fallout: Yum! Terminates Turkey Deal Over Standards Issues, Expects Pre-Tax Special Charge - Yum Brands (NYSE:YUM)

Summary by Benzinga
Yum! Brands, Inc. (NYSE:YUM) shares remained relatively flat in premarket trading on Wednesday following the company’s announcement that it has terminated its franchise agreements with IS Gida A.S., the franchisee responsible for operating KFC and Pizza Hut restaurants in Turkey. IS Gida, a subsidiary of IS Holding A.S., failed to meet Yum! Brands’ operational standards, leading to the termination of 283 KFC and 254 Pizza Hut locations in Turkey…
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