KFC Israel Faces Sale Amid Insolvency and NIS 50 Million Debt
Summarized from Ynetnews by baba
KFC's restaurant chain in Israel, operated by Smart Service K&K, is up for sale due to insolvency proceedings and NIS 50 million in debt. Court-appointed trustees have received court approval to publish an invitation for bids within 21 days. The chain operates 12 branches, employs 120 people, and faces significant financial challenges attributed partly to the October 7 attacks. Several parties have already shown interest in acquiring the business.
The story in 5 lines · by baba
- KFC Israel is up for sale after insolvency proceedings were opened against the chain.
- The company owes approximately NIS 50 million, including NIS 37.5 million in shareholder loans.
- Court-appointed trustees have 21 days to publish an invitation for bids to acquire the chain.
- KFC Israel operates 12 branches and employs around 120 people.
- The chain's financial difficulties are partly attributed to the October 7 attacks and security escalation.
Ynetnews publishes in English. The key points are summarized above. Read Ynetnews’s full report from the link at the top of the page.
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