Asia

McDonald’s, Burger King and KFC face the dark prospect of selling South Korean units

South Korean units at McDonald’s, Burger King and KFC are increasingly skeptical of recent attempts to find new franchise owners here as both fast food and financial market conditions are deteriorating. I have a different perspective. Due to increasing funding difficulties and growing domestic consumers’ preference for healthier foods, industry experts have shown that potential buyers offer higher prices to the Korean business of US fast food chains. I expected to be reluctant to do. “The pool of buyers who can pay higher prices has decreased as interest rate hikes have worsened the situation in the acquisition funding market. Their simultaneous selling attempts will also affect their reputation.” And the top executives of the National Private Equity Farm (PEF), which specializes in food and …

https://www.koreatimes.co.kr/www/nation/2022/06/419_331798.html?fl McDonald’s, Burger King and KFC face the dark prospect of selling South Korean units

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