Franchising

KFC franchisee to sell stores in Russia

A KFC in Moscow, Russia. iStock.

December 7, 2022

KFC franchisee AmRest has agreed to sell its stake in the brand in Russia for more than 100 million euros ($104.48 million). AmRest will sell to Russian restaurant company Almira, according to a Reuters report.

This franchisee follows other restaurant brands leaving Russia following the attacks on Ukraine.