Global investment firm Carlyle will acquire a 100% stake in KFC Korea through an affiliated entity of Carlyle Asia Partners, according to an announcement by the company. KFC Korea, which operates over 200 KFC stores nationwide under a master franchise agreement with Yum! Brands, will work with Carlyle to accelerate growth, expand store openings, improve marketing, and drive menu innovation. Carlyle, which also owns KFC Japan and premium dessert café chain A Twosome Place in South Korea, aims to strengthen its presence in Asia’s quick-service restaurant sector through this transaction. Terms of the deal were not disclosed.
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