KFC May Close Some Botswana Shops Amid Partial LiquidationBloomberg News
KFC Botswana will temporarily close at least some of its restaurants in the southern African nation after being placed under partial liquidation, KFC Africa Managing Director Doug Smart said.
“We are working closely with the provisional liquidator to keep the business open," Smart said in an e-mailed statement on Thursday. The fast-food chain may close some locations during the current “disruption,” he said.
Earlier Thursday the franchisee for KFC Botswana, VPB Propco, said it had been trying to the sell the restaurant chain for the past year without success and the only option left was to shutter its 12 stores by the end of this week, cutting 400 jobs.
It “no longer makes business sense to continue operations,” said Anthony Siwawathe, a spokesman for the operator, without providing further detail.
KFC, owned by Louisville, Kentucky-based Yum! Brands Inc, has a presence in 14 sub-Saharan African countries, including 825 outlets in South Africa, according to its website.
— With assistance by Mbongeni Mguni