DIRS.INFO The most relevant business & tech news

☆ KFC's Middle East and North Africa franchisee sets price range for IPO
▼ + stars: | 2022-11-14 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: +1 min

DUBAI, Nov 14 (Reuters) - Americana Restaurants, the Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut, is set to raise as much as $1.8 billion from its initial public offering after the company disclosed an indicative price range on Monday. The price range was set at 2.50 dirhams to 2.62 dirhams per share, the company said in a statement, implying an equity value for the group between $5.73 billion to $6.01 billion. The final price will be disclosed on Nov. 23, the company said. Retail investors in the UAE will be allocated 5% of the offering, while retail investors in Saudi Arabia will be offered 10%. Reporting by Hadeel Al Sayegh; Editing by Christian Schmollinger and by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ KFC Germany used the 84th anniversary of Kristallnacht to promote fried chicken and cheese. It apologized an hour later.
▼ + stars: | 2022-11-11 | by ( Britney Toh | ) www.businessinsider.com time to read: +2 min

KFC Germany used the the anniversary of Kristallnacht as a promotional opportunity for fried chicken. An hour later, the company sent out an apology message on the same app. On Wednesday, KFC Germany sent out a message on its app urging customers to "commemorate Kristallnacht" and "treat themselves to more tender cheese with crispy chicken," according to multiple screenshots shared on Twitter. An hour after it sent the first message, KFC sent out an apology, blaming the blunder on a system error, according to screenshots on Twitter. Other notable cases include Pepsi's 2017 Kendall Jenner ad, which critics said appropriated the Black Lives Matter movement.

☆ KFC's Middle East and North Africa franchisee plans dual listing in UAE, Saudi
▼ + stars: | 2022-11-02 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: +1 min

DUBAI, Nov 2 (Reuters) - Americana Restaurants, the Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut, said it planned to launch an initial public offering (IPO), followed by a dual listing in the United Arab Emirates and Saudi Arabia. Adeptio Investments, an investment vehicle jointly-held by Dubai businessman and founder of Emaar Properties (EMAR.DU) Mohammed Alabbar and Saudi Arabia's Public Investment Fund, is offering about 2.53 billion existing ordinary shares, representing 30% of the company, Americana said in a regulatory filing on Wednesday. The IPO would start from Nov. 14 to Nov. 21 for retail investors in the UAE and Saudi Arabia, and Nov. 14 to Nov. 22 for institutional investors in both the countries. Following its public share-sale, it expects to list on the Abu Dhabi Securities Exchange and the Saudi Exchange on or around Dec. 6, it said. Reporting by Hadeel Al Sayegh; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Senior KFC executives opt for retirement as interest rates hit pension payouts, Wall Street Journal reports
▼ + stars: | 2022-10-15 | by ( ) www.reuters.com time to read: +1 min

Oct 15 (Reuters) - Three senior KFC executives have notified the U.S. fried chicken chain's parent company Yum Brands Inc (YUM.N) that they will take early retirement as rising interest rates threaten to dent lump sum payouts for corporate pensions, the Wall Street Journal reported on Saturday. KFC and Yum Brands did not immediately respond to Reuters' requests for comment. Register now for FREE unlimited access to Reuters.com Register"Because of these interest rates, some associates across Yum! and its brands who qualify for pensions have decided to retire in 2022," the report quoted one of the KFC messages as saying. A fourth straight 75-basis-point interest rate hike is expected next month after data on Thursday showed inflation accelerating faster than expected in September.

☆ Colonel Sanders' former home and restaurant are on the market, and it's causing a legal headache for KFC's owner
▼ + stars: | 2022-09-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Friends of the late Colonel Sanders are selling his former home and a restaurant he set up. The restaurant, the Claudia Sanders Dinner House, is named after his wife and sells fried chicken. But some of the potential buyers, which include restaurant groups and serial entrepreneurs, want to franchise the Claudia Sanders restaurant and open new sites elsewhere, Klunk told The Post. The Claudia Sanders Dinner House describes itself as a "local landmark" serving "the finest in country cooking." Memorabilia included with the lot include Colonel Sanders' watch and bible, the first KFC flag and bucket, and a letter President Richard Nixon sent to Sanders in 1972.

☆ KFC's founder Colonel Sanders' home of 25 years is on the market for $9 million— see inside
▼ + stars: | 2022-07-08 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: 1 min

"There is so much rich history included in this sale; it is exciting to think about the potential that lies ahead for the right buyer — to honor and protect this legacy and grow the brand even further," Klunk said.

Search resuls for: "KFC's"

6 mentions found