ThaiBev Considering Sale of KFC Franchise Business

Matichon•International•3d ago

Reader Briefing

Thai Beverage is reportedly collaborating with Bank of America to evaluate buyer interest for its KFC franchise business in Thailand.

•Bloomberg reported on July 17 that Thai Beverage may be considering the sale of its KFC franchise business.
•Thai Beverage is working with Bank of America to assess potential buyers, though negotiations are ongoing and may not result in a deal.
•QSR of Asia, a subsidiary of Thai Beverage, currently operates over 500 KFC branches and is the largest KFC franchisee in Thailand.

•On July 17, Bloomberg reported that Thai Beverage is considering selling its KFC franchise business in Thailand.
•Thai Beverage is collaborating with Bank of America to evaluate interest from potential buyers.
•The process is currently under negotiation and may not necessarily lead to a final sale agreement.
•QSR of Asia, a food business subsidiary of Thai Beverage, is one of three KFC franchise operators in Thailand.
•Thai Beverage acquired 240 KFC branches in 2017 for approximately 11,400 million baht.
•QSR of Asia currently operates more than 500 KFC branches across Thailand.
•Thai Beverage has not yet responded to requests for comment, and Bank of America declined to comment on the matter.
•The KFC brand is operated by Yum Brands, which is headquartered in Louisville, Kentucky, and also manages Taco Bell and Pizza Hut.

Full article content is available on the original source.

Bloomberg(บลูมเบิร์ก)

The news organization that reported on Thai Beverage's potential sale of its KFC business.

Thai Beverage Public Company Limited(บริษัท ไทยเบฟเวอเรจ จำกัด (มหาชน))

A company owned by Charoen Sirivadhanabhakdi that is considering the sale of its KFC franchise business.

Bank of America(แบงก์ออฟอเมริกา)ℹ️

The bank collaborating with Thai Beverage to evaluate buyer interest.

QSR of Asia Co., Ltd.(บริษัท คิวเอสอาร์ ออฟ เอเชีย จำกัด)

A subsidiary of Thai Beverage and the largest KFC franchise operator in Thailand with over 500 branches.

Central Plaza Hotel Public Company Limited(บริษัท โรงแรมเซ็นทรัลพลาซา จำกัด (มหาชน))

One of the three KFC franchise operators in Thailand.

Restaurants Development Co., Ltd.(บริษัท เรสเทอรองตส์ ดีเวลลอปเม้นท์ จำกัด)

One of the three KFC franchise operators in Thailand, supported by Devyani International.

Devyani International(เดฟยานี อินเตอร์เนชั่นแนล)

The entity providing support to Restaurants Development Co., Ltd.

Yum Brands(ยัม แบรนด์ส)ℹ️

The operator of the KFC, Taco Bell, and Pizza Hut brands.

Charoen Sirivadhanabhakdi(เจริญ สิริวัฒนภักดี)ℹ️

The owner of Thai Beverage.

Louisville, Kentucky(เมืองหลุยส์วิลล์ รัฐเคนทักกี)ℹ️

The location of the Yum Brands headquarters.