The Taiwanese food group is in advanced talks to buy Jardine Restaurant Group, a franchisee running about 1,000 restaurants in five Asian markets, sources told Reuters.
One of Asia's largest KFC and Pizza Hut franchisees may be changing hands. Taiwanese food group Uni-President Enterprises is in advanced talks to buy Jardine Restaurant Group, two people familiar with the matter told Reuters, in a deal one source said could value it at about $400 million, The Standard reported Nov. 10.
JRG runs about 1,000 outlets in Hong Kong, Macau, Myanmar, Taiwan and Vietnam, employs about 25,000 people and earns $35 million to $40 million in EBITDA, the sources said. Terms are not final. Uni-President told Taiwan's CNA that it could not comment, Taiwan News reported.
Large franchisee transitions rarely go quietly, as Puerto Rico's Encanto showed this month.
Yum ChinaThe KFC and Pizza Hut operator in China unveiled an agent that reads traffic and kitchen data to suggest staffing and production changes, and it plans 10,000 more stores by 2030.
Revscale Media (illustration)Amy Burhorn, most recently CFO of Tribe AI, will run finance, accounting and technology at a chain whose third-quarter comparable sales rose 10.3%.
Revscale Media (illustration)LongRange Capital is marketing about $1 billion of bonds backed by fees from roughly 6,678 mostly franchised Pizza Huts, two months after buying the chain from Yum Brands.
Jersey Mike'sPeter Cancro sold the sandwich chain to Blackstone in 2024. Now he holds the master franchise for the UK and Ireland, with plans for about 300 shops.
Revscale Media (illustration)Voice AI got more accurate this year. Nearly three in 10 drive-thru guests still had to repeat themselves, and that is the number franchisees should be asking about.
Franchise TimesWith Democrats taking both chambers in January, franchise lobbyists say the joint employer bill has about six weeks to pass or it starts over.
