Yum Brands' India partners Sapphire, Devyani to merge, creating fast-food franchisee giant

Sapphire Foods India said connected Thursday it volition merge with Devyani International, successful a determination that is apt to consolidate section franchisee partners of Yum Brands, the proprietor of KFC and Pizza Hut.

The deal, first reported by the section Economic Times, comes arsenic fast-food franchisees successful India look slowing same-store income and borderline pressures, with consumers cutting backmost connected eating retired and ordering successful amid precocious surviving costs.

Devyani volition contented 177 shares for each 100 shares of Sapphire, the second said.

Sapphire said the merger volition make a scaled quick-service edifice (QSR) level by consolidating KFC and Pizza Hut operations, boosting efficiency, expanding home and planetary scope and strengthening maturation and superior access.