Restaurant Brands buys 10 KFC stores in NSW from Yum for A$27.5M

Mon, 28 Aug 2017

By Jonathan Underhill Aug. 28 (BusinessDesk) - Restaurant Brands New Zealand has extended its KFC footprint across the Tasman, buying 10 stores from Yum! Restaurants International for A$27.5 million. The acquisition lifts its total number of stores in the state of New South Wales to 57. The new stores are expected to generate annual sales of A$29 million and earnings before interest, tax, depreciation and amortisation of A$4.5 million, the Auckland-based company said in a statement. The fast-food operator made its first foray into Aust...

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