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Soul buys 204 KFC outlets

Yum! Restaurants International, Canada and its KFC brand has found a new soul mate in its most recent Canadian franchise partner, Soul Restaurants Canada Inc.

Yum! Restaurants International, Canada and its KFC brand has found a new soul mate in its most recent Canadian franchise partner, Soul Restaurants Canada Inc., an affiliate of London, England-based Soul Foods Group, which has a 30-year successful track record with the KFC brand.

Soul Foods Group took over the management of 204 KFC restaurants in B.C. and Ontario through its Canadian affiliates this June, after YUM! ran into financial trouble with the fast-food outlets. Soul already operates more than 45 KFC restaurants in the United Kingdom.

"Due to the continued decline in same-store sales during 2010 in both the KFC and Taco Bell brands the company was unable to complete the required investments in facility upgrades," according to a Yum! statement

Aly Janmohamed, president, Soul Foods Group, said an "extensive renovation and innovative new products" will be seen at its KFCs in Canada.u

– Compiled by Kevan O'Brien


from Western Investor July 2011