Brazil’s KFC and Pizza Hut Consolidated with R$135 Million Investment

Carlos Martins, who already runs all Taco Bell restaurants in Brazil, promises to invest millions in the two popular fast food chains.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazilian food mogul, Carlos Wizard Martins announced on Monday an agreement with Yum! Brands to purchase operations of KFC and Pizza Hut restaurants in Brazil and manage existing franchises all over the country. Martins is expected to invest over R$135 million into the operations during the next five years.

"In addition to strengthening the relationship between the brands and their current franchisees, we will invest in the expansion of the two networks in Brazil’s main markets,” stated Martins in a press release to announce the acquisition, adding, “We . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?