Yum! Brands to acquire 218 KFC restaurants from EG Group.

Yum! Brands, an American multinational fast food corporation, agreed to acquire 218 KFC restaurants from EG Group, a British retailer. Financial terms were not disclosed. “The KFC business is a powerhouse for Yum! globally and the UK and Ireland is one of our strongest markets. Over the past five years, we’ve secured our leadership position within the UK and Ireland chicken market, opening 200 new restaurants, and we’re now close to being a £2bn business in the UK, thanks to our extremely talented local management team. We’re pleased to add these restaurants to our equity portfolio, in a market where we are well placed to drive strong growth while also making further digital and strategic progress,” Sabir Sami, Yum! Brands KFC Division CEO.