Smart Service K & K, the franchisee operating the branches of the international fast-food chain KFC in Israel, has submitted an urgent application to the Beersheba District Court for an order to initiate proceedings, stay proceedings, and appoint a temporary trustee. The company, which at its peak operated 13 branches and currently has 12 active branches across the country (including in Tel Aviv, Petah Tikva, Netanya, Rishon Lezion, Beersheba, Ashdod, and Haifa), has fallen into a severe cash flow crisis.
In the application submitted to the court, it is described that after a period of growth, the company was severely harmed following the events of October 7, 2023, and the Swords of Iron War, alongside additional rounds of fighting that…