UBER COMPLETES ACQUISITION OF POSTMATES ANNOUNCED IN JULY

Highlights

• Uber on Tuesday announced completion of its Postmates acquisition deal worth $2.65 billion, which was initially announced in the month of July

• Postmates currently has over 6 lakh restaurants and retailers on its platforms including several buzzing bran...

HYUNDAI ROBOTICS TIES UP WITH KFC KOREA TO STIR-FRY CHICKEN DELICACIES UTILIZING ROBOT CHEFS

• Hyundai Robotics said Friday it has teamed up with fried chicken franchise KFC Korea to automate the chicken cooking process.
• Under the initial deal with KFC Korea, Hyundai Robotics, a subsidiary unit of global shipbuilding giant Hyundai Heavy Industries Holdings (HHIH), will d...

LAST ROUND OF TALKS BEFORE KG GROUP ACQUIRES HOLLYS COFFEE FROM IMM PE

• Chemical-to-financial behemoth KG Group said Tuesday that it would buy over 93.8 percent stake in Hollys F&B from investment firm IMM Private Equity. Hollys F&B has control of Hollys Coffee, one of the largest coffee franchises in South Korea.
• KG Group is in final talks...

MANCHESTER: KFC REOPENS COUPLE OF CHICKEN SHOPS FOR DELIVERY

Highlights

• KFC had previously closed all it’s stores after the announcement made by Prime Minister Boris Johnson

• Both the stores will donate free meals to NHS staff and other key workers

KFC's branches on Deansgate and in Hulme have been reope...

KFC to Give Out Franchisees in the Philippines. 

KFC Philippines in November 2019 has signed a deal with KFC Asia that allows it to start distributing franchisees for their brand in the Philippines. Managing daily operations, selecting a location for the store, and equipping all the franchisees with necessary equipment is the crucial help the f...