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Top related persons:
Maxim - 1 Sergei Levin - 1 Levin - 1 McDonald's - 1 It's - 1 Konstantin Kotov - 1 Andrey Oskolkov - 1 Elena Fabrichnaya - 1
Top related locs:
Russia Moscow Ukraine MOSCOW U.S Unirest KFC's U.S Ukraine Russian
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Brands Inc - 1 KFC - 1 REUTERS - 1 U.S . Office - 1 Foreign Assets Control - 1 Brands - 1 Treasury - 1 Smart Service - 1

Search resuls for: "Smart Service"


5 mentions found


☆ US sanctions authority delayed KFC's Russia exit -franchise owner
  + stars: | 2023-09-25 | by ( Elena Fabrichnaya | ) www.reuters.com   time to read: +3 min
It's OFAC office issued compliance guidance to the industry regarding the exit tax in the form of FAQs, or frequently asked questions, on Feb. 24, 2023, while negotiations on KFC's exit deal were still ongoing. The deal included all its Russian KFC restaurants, operating system and the trademark for the Rostic's brand. Once the buyers were approved, taking this new requirement into account, another one appeared - the budget contribution termed an "exit tax" by Washington - Levin said. "The closure was delayed again, the correct procedure on paying the exit tax was agreed," Levin said. Former KFC restaurants began opening in April as Rostic's, reviving a brand born soon after the collapse of the Soviet Union.
Persons: Maxim, Sergei Levin, Levin, McDonald's, It's, Konstantin Kotov, Andrey Oskolkov, Elena Fabrichnaya, Alexander Marrow, Matt Scuffham, Timothy Gardner Organizations: Brands Inc, KFC, REUTERS, U.S . Office, Foreign Assets Control, Brands, Treasury, Smart Service, Russian KFC, Washington, Soviet Union, Rostic's, Thomson Locations: Russia, Moscow, Ukraine MOSCOW, U.S, Unirest, KFC's U.S, Ukraine, Russian, Soviet
☆ Yum Brands earnings miss estimates despite KFC and Pizza Hut's recovery in China
  + stars: | 2023-05-03 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 min
Yum Brands on Wednesday reported quarterly earnings that fell short of analysts' expectations, despite a China sales rebound for KFC and Pizza Hut. Yum joins the growing list of companies that includes Procter & Gamble and Starbucks that have reported recovering sales in China. In China, KFC's largest market, system sales climbed 17%, helping lift the chain's international same-store sales growth 11%. Overall, Pizza Hut's same-store sales rose 7%. Next quarter, Yum won't face any comparisons that include its Russian business because the company suspended operations there in early March last year.
☆ Here's what you need to know before you shop for a new TV on Black Friday
  + stars: | 2022-11-23 | by ( Sofia Pitt | ) www.cnbc.com   time to read: +8 min
"TVs you'll find on Black Friday are typically going to be entry-level sets," said Paul Gagnon, vice president and industry advisor for the market research company The NPD Group. People will be able to play Xbox Game Pass games over a cloud connection on 2022 Samsung smart TVs. When it comes to using the preloaded apps on your TV, it's important to know that smart TV stores, where you can download apps for your TV, vary depending on the TV's brand. Samsung TVs will let you access the Samsung Smart TV store, and LG TVs have the LG Content Store. If you're relying on the TV's built-in applications, Gagnon suggested, make sure the smart TV you're buying supports all the streaming apps you frequently use.
☆ KFC is about to disappear in Russia as its new owners rebrand all 1,000 stores as 'Rostic's', report says
  + stars: | 2022-10-30 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +2 min
Brands said it had reached a deal to sell its 1,000 KFC stores in Russia. All KFC stores in Russia will be rebranded as fast-food chain "Rostic's", The Moscow Times reported. According to Russian business newspaper Kommerstant, Smart Service will be responsible for rebranding all 1,000 stores as Rostic's. Last month Yum Restaurants Russia LLC registered rights to the Rostic's brand, Kommerstant reported, and the KFC stores will begin rebranding in early 2023. It rivaled American fast-food stores until 2006, per the report.
☆ Yum Brands to fully exit Russia with deal to sell KFC stores
  + stars: | 2022-10-24 | by ( Hilary Russ | Tatiana Bautzer | ) www.reuters.com   time to read: +1 min
NEW YORK, Oct 24 (Reuters) - Yum Brands Inc (YUM.N) on Monday said that it reached a deal to sell its KFC restaurants in Russia to a local operator there, paving a path to fully exit the country. The restaurant operator, which also owns the Taco Bell and Pizza Hut brands, will transfer ownership of its Russian KFC locations, operating system and master franchise rights to Smart Service Ltd, which is run by existing Russian KFC franchisees Konstantin Yurievich Kotov and Andrey Eduardovich Oskolkov, Yum said in a press release. Once it is completed, Yum "will have ceased its corporate presence in Russia," the company said. In July, Yum said it transferred ownership of its Pizza Hut assets to a local Russian operator. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Hilary Russ; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
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