Turkey economy is worth 1.3 trillion USD, 214 million dollars is nothing to them

Yum! Brands, the owner of KFC, Pizza Hut, and Taco Bell, previously had a franchise agreement with İş Gıda A.Ş. to operate KFC restaurants in Turkey. However, Yum! Brands terminated the agreement in January 2025, leading to the bankruptcy of İş Gıda and the closure of all KFC restaurants in Turkey.
Explanation

    Yum! Brands cited "failure to meet operational and quality standards" as the reason for the termination.

However, some reports suggest that a boycott related to the war in Gaza may have also contributed to the closure.
İş Gıda had aggressively expanded the number of KFC restaurants in Turkey after securing the franchise rights in 2020.
The company relied heavily on debt, and rising interest rates and liquidity problems led to its financial collapse.
İş Gıda declared bankruptcy in February 2025, with debts of 7.7 billion Turkish lira.  

The company employed over 7,000 workers, whose wages and benefits went unpaid following the declaration.

https://www.duvarenglish.com/fast-food-oper...offs-news-65658