AmRest Holdings SE Acquires 42 KFC Restaurants
Baker McKenzie advised AmRest Holdings SE on its acquisition of 42 KFC France restaurants, as well as creating a development agreement and an international franchise agreement for each of the 42 restaurants.
This acquisition will allow AmRest to strengthen its footprint in France, after its acquisition of the Pizza Hut delivery restaurants, which was completed in May 2017. AmRest is planning to open around 150 KFC restaurants in France by the end of 2023. This operation marks a new step in the KFC growth strategy in France using the franchise model and will enable new restaurants to be opened more rapidly.
AmRest Holdings SE is the largest chain restaurant operator in Central and Eastern Europe. It manages over 1,300 restaurants in 13 countries under different well-known brands such as Pizza Hut, Burger King, Starbucks, La Tagliatella, Blue Frog and Kabb. AmRest is listed on the Warsaw Stock Exchange.
KFC France SAS is part of the American group YUM! Brands Inc., which owns 43,000 restaurants in more than 135 countries. The group owns the KFC, Pizza Hut and Taco Bell restaurant chains, which are world leaders in their respective categories (chicken, pizza, Mexican food).
Baker McKenzie in Paris advised AmRest Holdings SE on the acquisition of the Pizza Hut and KFC restaurants with Alyssa Gallot-Auberger, partner, Guillaume Nataf, partner, and Noémie Devico, associate in M&A, and Hervé Jégou, partner, Céline Gronier, associate and Corentin Dolivet, associate in Real Estate.