KFC Turkey Shuts All 537 Outlets Amid Bankruptcy and Gaza Boycott Fallout

İş Gıda, operator of KFC and Pizza Hut in Turkey, declares bankruptcy, closing 537 outlets amid $214M debt and Gaza-related boycotts. 7,000 jobs lost.

https://munsifdaily.com/kfc-turkey-bankruptcy-gaza-boycott/


The franchise termination will affect 283 KFC and 254 Pizza Hut restaurants in Turkey, which are expected to close “at least temporarily”.

The US company is working to reopen as many restaurants as possible.

Yum! Brands alleged that the recent sales in the Turkish restaurants were “significantly below the global average sales per restaurant for each brand”.

As a result, the loss of royalties from the store closures will have no material impact on Yum!’s core operating profit in 2025 and beyond, it said, expecting no impact from this termination on other markets.

https://www.agbi.com/food-drink/2025/01/kfc...deal-in-turkey/


This post has been edited by icemanfx: Feb 21 2025, 08:03 PM

Bestest in shooting own foot.