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Turkish Franchisee IS Gida files for Bankruptcy amid Financial Struggles, Cuts Ties with KFC and Pizza Hut

Summary by LAFFAZ

Turkish company IS Gida, which previously operated KFC and Pizza Hut in Turkey franchises, has filed for bankruptcy with debts of TR7.7 billion ($214 million), following the termination of its franchise agreements by the US-based parent company of the two brands, according to a report by state-run Anadolu Agency(AA). CEO Ilkem Sahin said, “The reality we face today is a debt of billions of Turkish liras, company immovables seized by banks and st…

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Turkish Franchisee IS Gida files for Bankruptcy amid Financial Struggles, Cuts Ties with KFC and Pizza Hut

Turkish company IS Gida, which previously operated KFC and Pizza Hut in Turkey franchises, has filed for bankruptcy with debts of TR7.7 billion ($214 million), following the termination of its franchise agreements by the US-based parent company of the two brands, according to a report by state-run Anadolu Agency(AA). CEO Ilkem Sahin said, “The reality we face today is a debt of billions of Turkish liras, company immovables seized by banks and st…

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LAFFAZ broke the news in 18 hours ago on Friday, February 21, 2025.

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