GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of
liquidation after a joint venture between Shell Fuel
distributors, Vivo Energy Botswana and South African
KFC franchise operator Baobab Khulisani agreed to buy the fast
food chain.
KFC Botswana, whose portfolio includes 12 stores, was placed
under liquidation in June 2016 after the company failed to pay
debts owed to banks, suppliers and franchise holder Yum Brands
.
The joint venture will run the franchise through a newly
formed company, Baobab Energy Botswana.
“Baobab Energy Botswana plans to invest to grow the KFC
business in Botswana and will both refresh and improve current
KFC restaurants and look to open new ones, including adding more
re…
Read the full article at: http://uk.businessinsider.com/r-kfc-in-botswana-comes-out-of-liquidation-as-jv-takes-over-2017-11
