Deal Pending to Allow Olympus Food (Canada) Inc. to Buy 65 Quebec KFC
VAUGHAN, ON, Sept. 14, 2012 /CNW/ - Yum! Restaurants International,
Canada and its KFC brand are one step closer to finding a new franchise
partner in Quebec. Yum! Canada announced today that the court has
approved an Olympus Food (Canada) Inc. bid to purchase 65 KFC
restaurants in Quebec.
The deal is expected to close next week and would mean that Olympus,
which is affiliated with a company that already owns more than 50 KFC
restaurants in Manitoba and Alberta and an additional 220 KFCs
worldwide, will take over the management of 65 restaurants across the
The sale does not include four restaurants in Roberbal, La Tuque,
Valleyfield and Laval, which will be closed.
Sabir Sami, Yum! Restaurants International, Canada's President and
General Manager says the sale signals a new phase of growth and
investment for KFC in Quebec. "While difficult for the affected
communities, the transition to a new franchisee will secure a positive
long-term future for KFC in Quebec. We're excited to be joining with
our partners at Olympus Foods (Canada) Inc. to revitalize and
re-energize KFC in Quebec through restaurant upgrades, a renewed focus
on customer service, quality and new menu innovations," says Sami.
SOURCE: Yum! Canada
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