Yum! Brands Exit from Russia Complete
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...
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