India’s KFC, Pizza Hut operators Sapphire Foods, Devyani International to merge in $934 Million deal
The deal comes as India's fast-food franchisees grapple with higher costs, slowing same-store sales and margin pressure, while facing stiff competition from McDonald's and Domino's Pizza operators in a market where consumers are cutting back on non-essential spending.
The deal comes as India's fast-food franchisees grapple with higher costs, slowing same-store sales and margin pressure, while facing stiff competition from McDonald's and Domino's Pizza operators in a market where consumers are cutting back on non-essential spending.
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