Deals

KFC Franchisee Weighs $200 Million Sale of Thai Business

Restaurants Development working with at least one adviser
Company operates about 200 KFC outlets across Thailand

Chicken Fastfood Outlets as Thai Beer Company to Buy KFC Restaurants in Fast-Food Push — Photographer: Brent Lewin/Bloomberg

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By Yantoultra Ngui and Elffie Chew

July 8, 2020 at 2:03 AM UTC

This article is for subscribers only.

Restaurants Development Co. is exploring the sale of its KFC franchise business in Thailand for about $200 million, according to people with knowledge of the matter.

The Bangkok-based company is working with at least one adviser on the potential sale, the people said, asking not to be named as the discussions are private. Restaurants Development operates about 200 KFC outlets that employ about 4,000 staff throughout the country, according to its official website.