India's KFC, Pizza Hut operators to merge in $934 million deal

India’s KFC, Pizza Hut operators Sapphire Foods, Devyani International to merge in $934 Million deal

The deal comes as India's fast-food franchisees grapple with higher costs, slowing same-store sales and margin pressure, while facing stiff competition from McDonald's and Domino's Pizza operators in a market where consumers are cutting back on non-essential spending.

India's KFC, Pizza Hut operators to merge in US$934 million deal

Both the KFC and Pizza Hut franchisees in India operate at a net loss. Read more at straitstimes.com.

Yum Brands' India partners Sapphire, Devyani to merge, creating fast-food franchisee giant

India's KFC, Pizza Hut operators to merge in $934 million deal

The deal comes as India's fast-food franchisees grapple with higher costs and slowing sales.

KFC operators Sapphire Foods-Devyani International's merger to create fast-food giant in India

Sapphire Foods India said it will merge with Devyani International, a move expected to consolidate local franchise partners of Yum Brands, which owns KFC and Pizza Hut. The companies said the proposed merger is subject to approvals from regulators, stock exchanges, the Competition Commission of India, the National Company Law Tribunal, and shareholders and creditors.

Sapphire Foods to merge with Devyani International create single franchise for KFC Pizza Hut