Yum! Brands Is Suspending Operations of KFC Company-Owned Restaurants in Russia; Finalizing Agreement to Suspend All Pizza Hut Restaurant Operations in Russia.
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Yum!Brands in April finalised its exit from Russia, transferring master franchise rights to Smart Service, a local franchisee led by businessmen Konstantin Kotov and Andrey Oskolkov. The deal included all its Russian KFC restaurants, operating system and the trademark for the Rostic's brand.
Burger King remains open as usual in Russia despite the brand's owner pledging to leave more than a year ago. Restaurant Brands International (RBI), which owns 15% of the fast-food's franchise business in Russia, told the BBC it had no new updates to share at this time on its exit.