Yum Brands Is Headed Out of Russia

The company has sold its Pizza Hut locations to a local operator and is working on transferring ownership of its KFC restaurants.

yum brands russia 1200x800 1
After transferring ownership of its Pizza Hut locations in Russia to a local operator, Yum Brands is working to do the same with its KFC locations. Once complete, Yum Brands will be fully exited from Russia. Courtesy of KFC.

Yum Brands is the latest restaurant brand to pack up shop in Russia in response to the ongoing war in Ukraine.

The company announced on July 5 that it has completed the transfer of ownership of all Pizza Hut locations to a local operator, who will operate the stores under a new name. The company also says it’s in “advanced stages” of transferring ownership of its KFC restaurants, operating system and master franchise rights to a local operator. Yum Brands has approximately 1,000 KFC restaurants and 50 Pizza Hut locations in Russia, nearly all of which are operated by independent owners under license or franchise agreements.

Once complete, the restaurant company will be fully exited from Russia, as it doesn’t have any Taco Bell or The Habit Burger Grill locations in the country.

The move follows Yum Brands’ March decision to suspend company-owned restaurant operations, halt investment and restaurant development efforts, and redirect profits from Russian operations to humanitarian efforts.

Other brands like McDonald’s and Starbucks already have ceased operations in the country. Last month, McDonald’s announced it was selling its entire Russian restaurant portfolio to existing licensee Alexander Govor, who is now operating the restaurants under a new name. Then, on May 23, Starbucks announced it would no longer have a brand presence in the country.

RELATED CONTENT

Felicia White Scooters Coffee 1200x800 1

Scooter’s Coffee Brings On Exec To Lead Operations Training

As director of franchise training, Felicia White will lead training programs designed to enhance business operations and franchise success.

Michael Heroux TriMark SS Kemp 1200x800 1

TriMark SS Kemp Appoints New Regional Sales Manager

Michael Heroux will serve as TriMark SS Kemp's regional sales manager for the Cincinnati and Dayton markets.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -

- Advertisement -