Apollo Group to acquire Norway’s Fly Chicken chain to roll out KFC brand

KFC franchisor Apollo Group, successful collaboration with MM Group, is successful the process of acquiring Norwegian accelerated casual edifice concatenation Fly Chicken to motorboat the KFC marque successful the country.

Apollo Group plans to person astir of Fly Chicken's 19 locations crossed Norway into KFC restaurants.

In summation to the conversions, the franchisor intends to unfastened further KFC sites successful the state implicit the adjacent 5 years.

With this move, Norway volition go the 5th marketplace wherever the Apollo Group runs KFC restaurants nether a franchise agreement.

Alongside the acquisition, Apollo Group plans to put €20m ($22m) successful the Norwegian marketplace implicit the coming 5 years.

Following completion of the deal, Fly Chicken's co-founder and CEO Ronny Gjøse volition stay successful his role.

He volition pb the transition, oversee the rebranding and thrust further improvement of the Norwegian operations.

Gjøse said: "We built Fly Chicken into Norway's starring fried chickenhearted concept, scaling to 19 restaurants with a small, businesslike squad and beardown systems, without compromising connected quality.

"This transaction brings unneurotic complementary strengths, an established Norwegian level and section know-how connected our side, and 1 of the world's strongest edifice brands with Apollo Group's planetary acquisition and resources down it."

The transaction supports Apollo Group's semipermanent maturation targets and strategical enlargement plans.

Apollo Group CEO Toomas Tiivel said: "This acquisition marks different important milestone successful Apollo Group's planetary enlargement and further strengthens our presumption successful Northern Europe.

"We spot sizeable opportunities to further make the KFC marque by combining Fly Chicken's section expertise with Apollo Group's extended acquisition successful operating and expanding planetary edifice concepts crossed aggregate markets."

Completion of the acquisition remains taxable to modular approvals and procedures.

"Apollo Group to get Norway's Fly Chicken concatenation to rotation retired KFC brand" was primitively created and published by Verdict Food Service, a GlobalData owned brand.