UK: EG Group acquires 53 KFC from Amsric Group
Post-completion EG will operate over 220 KFC restaurants in Europe and the UK, becoming the largest franchisee in Western Europe for the KFC brand.
EG Group announced the acquisition of 52 Kentucky Fried Chicken (KFC) restaurants in the United Kingdom (UK) from Amsric Group for an undisclosed amount. The acquired network, across the south and south-west regions, comprises more than 1,600 team members and a mix of drive thru and traditional restaurant formats.
This acquisition establishes EG’s position as the largest franchisee in Western Europe for the KFC brand. Post-completion EG will operate over 220 KFC restaurants in Europe and the UK, according to a company’s press release.
This transaction follows EG Group’s acquisition of the largest KFC franchise in the UK and Ireland from The Herbert Group in March 2020. At the time, the acquisition comprised 146 KFC restaurants and one Pizza Hut Store, as well as a development pipeline and a small number of non-trading sites.
“Acquiring the Amsric portfolio further strengthens our customer proposition and is highly complementary to our existing operations, and our long-term growth plans for our foodservice business,” said Mohsin Issa CBE and Zuber Issa CBE, co-founders and co-CEOs of EG Group.
“We have seen a marked upward trend in the performance of our existing KFC network and this has given us confidence to consider and invest in more assets,” they added.
EG Group now operates more than 1,700 foodservice concessions.
