Published 2 days ago • loading... • Updated 13 hours ago

KFC and Pizza Hut Cease Operations and Announces Bankruptcy in Turkey

Summary by AllBlogThings.com - A Tech & Business Blog!

After facing boycotts and criticism, Yum! Brands has terminated its franchise agreements with İş Gıda, the operator of KFC and Pizza Hut in Turkey, due to non-compliance with company standards and policies. This decision has led to the closure of 537 restaurants and the filing of bankruptcy by İş Gıda, affecting approximately 7,000 employees.The termination, announced on January 8, 2025, impacts 283 KFC and 254 Pizza Hut outlets across the count…

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

2 Articles

All

Left

Center

Right

AllBlogThings.com - A Tech & Business Blog!

KFC and Pizza Hut Cease Operations and Announces Bankruptcy in Turkey

13 hours ago

Read Full Article

LAFFAZ

Turkish Franchisee IS Gida files for Bankruptcy amid Financial Struggles, Cuts Ties with KFC and Pizza Hut

Turkish company IS Gida, which previously operated KFC and Pizza Hut in Turkey franchises, has filed for bankruptcy with debts of TR7.7 billion ($214 million), following the termination of its franchise agreements by the US-based parent company of the two brands, according to a report by state-run Anadolu Agency(AA). CEO Ilkem Sahin said, “The reality we face today is a debt of billions of Turkish liras, company immovables seized by banks and st…

2 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right