Heading for a quick sale? KFC’s restaurant chain in Israel, operated by Smart Service K&K, is up for sale. The court-appointed trustees, attorney Amit Lederman and accountant Aliza Sharon, filed an urgent request with the Beersheba District Court for permission to publish an invitation for bids to acquire the company or its operations, with a deadline of 21 days from publication. The court approved the request.
The move follows an order opening insolvency proceedings against the chain earlier this month. KFC Israel currently operates 12 branches and employs approximately 120 people. The chain has accumulated debts of around NIS 50 million, including NIS 37.5 million in shareholder loans, NIS 9.5 million in unsecured debts, NIS 1.9…