Australia's Collins Foods Plans to Exit Taco Bell Partnership, Open More KFC Outlets in Germany
Australian fast-food chain operator Collins Foods said on Tuesday it planned on exiting the underperforming Taco Bell restaurant business in a year and instead open more KFC outlets in Germany, maintaining its partnership with Yum Brands.
Collins Foods said it is in talks with Yum -- which also owns Pizza Hut besides Taco Bell and KFC -- to transfer its license to operate 27 Taco Bell outlets in Australia to new ownership, failing which it would explore other options.
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