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Collins Foods Announces Acquisition of 28 KFC Restaurants from Yum Brands

26 Jun 2017  |  09:20:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Acquisition of 28 KFC Restaurants from Yum Brands

Collins Foods announced that it will acquire 28 KFC restaurants with 14 located in Tasmania, 8 in SA and 6 in WA. 2 of the 6 restaurants in WA are under construction and expected to be operational by end of December 2017. The acquisition builds on the organic growth profile of the business. Based on the increased KFC restaurant count, its plan is to build 8-9 new KFC restaurants a year over the next 4-5 years. This is up from the previous plan of 7-8 new KFC restaurants per year, over that same period.

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