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KFC Israel Franchise Receivers Find Potential Buyers Amid Bankruptcy
Court-appointed receivers for the Israeli KFC franchise have found interested buyers during bankruptcy proceedings and are seeking permission to hold a tender.
2 newsrooms · 2 languages · since
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What happened
- 01Several parties are interested in buying the Israeli KFC franchise during bankruptcy proceedings.
- 02The Israeli KFC franchise owes 50 million shekels, with 37 million owed to its Russian owners.
- 03The franchise's profitability dropped significantly after the start of the 'Iron Swords' war.
- 04Russian owners cannot transfer funds to Israel due to sanctions.
- 05The company employs approximately 120 people.
- 06Former KFC restaurants in Russia now operate as Rostic's.
The franchise, operating 12 restaurants, filed for bankruptcy with 50 million shekels in debt, citing reduced profitability due to the war and inability of its Russian owners to transfer funds. Receivers are working to stabilize operations and retain the 120 employees.
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