YUM – NYSE
Our mission is to build the world’s most loved, trusted and fastest growing restaurant brands. We are evolving KFC, Pizza Hut Taco Bell and The Habit Burger Grill into iconic, distinctive and relevant global brands.
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Yum! Brands is focused on building KFC, Pizza Hut, Taco Bell and The Habit Burger Grill to be the world’s most loved, trusted and fastest growing restaurant brands. As a global company that serves millions of consumers at 55,000 restaurants across 155 countries and territories, we aim to make the world better by acting responsibly with respect to food, planet and people.
Yum! Brands has over 55,000 restaurants in 155 countries and territories operating the Company’s restaurant brands – KFC, Pizza Hut, Taco Bell and The Habit Burger Grill.
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April 17, 2023 – Yum! Brands has completed its exit from the Russian market by selling its KFC business in Russia to Smart Service Ltd., a local operator led by Konstantin Yurievich Kotov and Audrey Eduardovich Oskolkov.
The sale to Smart Service, which was announced in October 2022 and received all necessary approvals from the U.S. and Russian governments, includes all Russian KFC restaurants, operating system, master franchise rights and the trademark for the Rostik's brand.
As part of the sale and purchase agreement, Smart Service has agreed to retain the Company’s employees in Russia and to lead the process to rebrand KFC restaurants in Russia to Rostik’s. Smart Service will initially convert their more than 100 KFC restaurants in Russia to Rostik’s. As master franchisor, Smart Service will also be responsible for working with other franchisees in Russia to rebrand to Rostik’s, a process which would occur over time.
Closing of the transaction follows a series of regulatory and governmental approvals. With the completion of this latest transaction, Yum! Brands and KFC have ceased their corporate presence in Russia. Yum! Brands previously announced that it had completed the transfer of ownership of all Pizza Hut franchise assets in Russia to a local operator who initiated the process of re-branding locations to a non-Yum! concept.
The releases contained on this page may contain dated information. Readers are cautioned that the releases on this page are maintained here solely for the purposes of providing historical background about Yum! Brands, its business and product offerings. As the releases may contain dated information, they should not be relied upon as providing accurate or current information. Yum! Brands disclaims any intention or obligation to update or revise any of the information contained in any of the releases on this page, whether as a result of new information, future events or otherwise.
For your convenience, we have archived all of Yum! Brands' statements and press releases since our company's inception in 1997. To view an archived press release, please select a year from the list below.
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