Yum Brands In Talks To Facilitate Merger Of Devyani & Sapphire Foods India: Reports
The reports state that the talks could result in a share swap deal, with Sapphire Foods India getting merged into Devyani International
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Sapphire Foods Profit Falls 69% On Inflation, Competition; Same-Store Sales Decline
- by BW Retail World Bureau
- February 10, 2024
Sapphire Foods India, the operator of KFC and Pizza Hut restaurants, revealed its largest quarterly earnings drop since going public in 2021, hampered by local competition and inflation-weary consumers cutting back on fast food spending. The Yum Brands franchisee’s overall net profit plummeted roughly 69 per cent to 101.4 million rupees (USD 1.22 million) in the […]