Australia's Collins Foods to Transfer 20 Taco Bell Outlets to Yum Brands - New Straits Times Online

Australia's Collins Foods to transfer 20 Taco Bell outlets to Yum Brands - New Straits Times Online

KUALA LUMPUR: Australia’s Collins Foods said on Tuesday it would hand over 20 of its 27 Taco Bell restaurants in the country to an affiliate of Yum Brands and Restaurant Brands, moving closer to a full exit from the loss-making business.

Taco Bell’s future in Australia secured under new owners

Taco Bell is set to remain in Australia under a new owner after Collins Foods struck a deal with the Mexican-themed food chain’s US parent Yum Brands and its local partner to sell 20 stores.

KFC operator Collins Foods offloads Taco Bell outlets

The Mexican-themed fast good chain has found the going tough against Guzman y Gomez and Zambrero, but says the brand will live on in Australia.

Collins Food falls after locking in Taco Bell divestment to Restaurant Brands Australia

Collins Foods’ (ASX:CKF) shares have fallen nearly -3% in the first hour of trade as the company’s solidification of moves to ditch its Australian Taco Bell assets wasn’t enough to put the company in green territory (so long as investors would’ve hypothetically accepted the divestment was a good move). Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, a…

KFC owner Collins Foods shares sliding on Taco Bell exit

Collins Foods Ltd (ASX: CKF) shares are under pressure on Tuesday as the company parts ways with Taco Bell to focus on KFC.