KFC Israel Franchisee Files for Bankruptcy Protection
Translated & summarized from TheMarker by baba
KFC's Israeli franchisee, Smart-Service D&K, has filed for bankruptcy protection in the Beersheba District Court. The company is seeking temporary relief and the appointment of a trustee to operate the chain and find a buyer. The filing indicates debts of approximately 50 million shekels.
The story in 5 lines · by baba
- KFC Israel franchisee Smart-Service D&K filed for bankruptcy protection.
- The company requested a trustee to operate the chain as a going concern.
- A search for a buyer or investor is underway.
- The filing was made with the Beersheba District Court.
- Debts are reported to be around 50 million shekels.
Smart-Service D&K, the franchisee for the KFC fast-food chain in Israel, has filed a request with the Beersheba District Court for insolvency proceedings. The company also submitted an urgent request for temporary relief and the appointment of a temporary trustee. According to the filing, the trustee is expected to operate the chain as a going concern while attempting to find a buyer or investor.
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