Business
KFC, Pizza Hut India Operators to Merge in $933 Million Deal
SOURCE:Bloomberg|BY:Saket Sundria, Satviki Sanjay
Two franchise operators of KFC and Pizza Hut restaurants in India have agreed to merge in a share-swap deal worth about $933 million to scale up and cut costs, in a market weighed down by weak consumer demand and intense competition.
The two operators of KFC and Pizza Hut restaurants in India have agreed to merge in a share swap deal worth about $933 million, according to stock exchange filings Thursday.