World NewsEnglish · 1 month ago

KFC Turkey Shuts All 537 Outlets Amid Bankruptcy and Gaza Boycott Fallout

munsifdaily.com

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KFC Turkey Shuts All 537 Outlets Amid Bankruptcy and Gaza Boycott Fallout

munsifdaily.com

technocrit@lemmy.dbzer0.com to

World NewsEnglish · 1 month ago

cross-posted to:
[email protected]

İş Gıda, operator of KFC and Pizza Hut in Turkey, declares bankruptcy, closing 537 outlets amid $214M debt and Gaza-related boycotts. 7,000 jobs lost.

The fallout highlights how geopolitical tensions and financial risks can destabilize global franchises. Reports suggest consumer boycotts targeting Western brands over Israel’s actions in Gaza significantly impacted KFC’s Turkish sales . Meanwhile, İş Gıda’s debt-fueled growth strategy left it vulnerable to economic shocks, including Turkey’s inflation crisis.

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