American Yum! Brands will leave Russia completely. As stated in message on August 3, KFC and Pizza Hut restaurants operating under its brands must change their names.
It was previously reported that Yum! Brands got rid of from the Russian chain Pizza Hut. The new owner, the Neu-M company, as expected, changed the name of the chain to Pizza N.
Now Yum! Brands is “at an advanced stage” of transferring ownership of KFC restaurants in Russia. The company did not disclose the name of the local partner, but noted that rebranding would take place in the establishments. “Upon completion of this process, we will completely leave the territory of Russia,” Yum! Brands.