Getlowfees.com

  • KFC Holdings bids for Tricon's Singapore stores

Malaysian fast-food operator KFC Holdings, based in Kuala Lumpur, is bidding to acquire the KFC, Pizza Hut and Taco Bell fast food chains in Singapore.

The stores are located in Singapore and owned by Tricon Global Restaurants, based in Louisville, Ky. All 106 stores -- comprised of 70 KFCs, 30 Pizza Huts and six Taco Bells -- were put up for sale last fall.

According to a statement released by Aseambankers Malaysia Bhd, KFCH proposed to acquire Kentucky Fried Chicken Management Pte. Ltd. (KFCMPL) and Pizza Hut Singapore Pte. Ltd. (PHS). PHS also holds a Taco Bell franchise license.

According to Singapore's New Straits Times, KFCH executive director, Datuk George Ting, would not comment or provide details of the bid. Reports published last year set the estimated price tag at S. $200 million (U.S. $108 million).

Multiple Singapore news outlets have reported that as many as six parties from that country and elsewhere are interested in the deal.

KFCH holds the KFC franchise for Malaysia and Brunei, and the Pizza Hut franchise for Malaysia. As of last May it owned 294 combined outlets.

The company became a Pizza Hut franchisee in 1995, and has grown that brand's store numbers to 87.

Related Content

User Comments – Give us your opinion!
Products & Services

Self Serve iPad Ordering

http://global.networldalliance.com/new/images/products/5605.png

5605/Self-Serve-iPad-Ordering

Granbury Websites

http://global.networldalliance.com/new/images/products/6815.png

6815/Granbury-Websites

Social Security Number (SSN) Verification

http://global.networldalliance.com/new/images/products/SSN_employmentsearch.gif

1426/Social-Security-Number-SSN-Verification

Features

http://global.networldalliance.com/new/images/products/4541.png

4541/Features

Meatballs

http://global.networldalliance.com/new/images/products/6789.png

6789/Meatballs

Free Menu Board Media Player Promotion

http://global.networldalliance.com/new/images/products/6675.png

6675/Free-Menu-Board-Media-Player-Promotion

Online Ordering

http://global.networldalliance.com/new/images/products/4285.png

4285/Online-Ordering

Remote Service | Content Management Service

http://global.networldalliance.com/new/images/products/6685.png

6685/Remote-Service-Content-Management-Service

Custom Digital Signage Templates

http://global.networldalliance.com/new/images/products/6683.png

6683/Custom-Digital-Signage-Templates

PeopleMatter LEARN™

http://global.networldalliance.com/new/images/products/4627.png

4627/PeopleMatter-LEARN

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.