EG Group sells 218 franchise restaurants in the UK and Ireland
Published on: Dec 6, 2023
KFC will acquire the locations to accelerate its growth strategy in the large and growing UK and Ireland chicken market.
Yum! Brands’ KFC Division announced that it has entered into a definitive agreement to acquire over 200 restaurants from EG Group across the UK and Ireland.
The transaction represents a significant opportunity to accelerate KFC’s growth strategy in the growing UK and Ireland chicken market. The company’s management team currently operates a set of 50 company-owned restaurants across the UK and Ireland.
The team will now focus on delivering an enhanced customer experience and deploying its digital strategy to drive higher unit volumes and market share growth.
“Now is the right time to hand the baton to the KFC leadership team to continue to grow the brand in the UK. This is the latest transaction in our significant deleveraging this year – to put in place a sustainable capital structure," said Zuber Issa and Mohsin Issa, CBE co-founders and co-CEOs of EG Group.
Since 2018, KFC has opened 200 new restaurants across the UK and Ireland, and with the market demonstrating renewed potential since the start of 2023, KFC has previously announced plans to open a further 500 restaurants across the market by 2030.
Once completed, all of EG’s KFC UK and Ireland business – over half of which is made up of drive-thrus – and 7,800 team members will come under KFC UK and Ireland management.
