KFC, owned by Yum Brands, announced on Tuesday a major investment plan of £1.49 billion ($2.0 billion) in the United Kingdom and Ireland over the next five years.
This investment aims to create more than 7,000 new jobs across the region.
The fast-food giant also revealed its intention to open 500 new restaurants within the next ten years. The company plans to focus part of this investment on building flagship sites and drive-thru locations, especially in areas with strong growth potential such as Ireland and northwest England.
In addition to new outlets, KFC will upgrade over 200 existing restaurants, which is about 20% of its current estate, incorporating new designs and the latest digital technology. The investment will also strengthen partnerships with local suppliers, including chicken supplier Pilgrim’s Europe and other regional producers.
KFC UK & Ireland currently employs 33,500 people and contributes approximately £1.1 billion annually to the UK economy. The company’s growth strategy is part of its ambition to become the fastest-growing restaurant brand for the next generation.
Rob Swain, General Manager of KFC UK & Ireland, said the brand has never seen such strong demand for freshly prepared fried chicken and is committed to expanding its presence and supporting local communities through this investment.
This move will also add an estimated £169 million in direct gross value to the UK economy over five years by creating jobs, building new restaurants, and increasing spending with UK suppliers.
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