Jack Cowin Losing KFC Franchises In WA

SmartCompany:

Stories about franchisees losing out at the hands of their franchisor are usually mum and dad tales of woe. This one is different.

The world’s biggest fast-food company, US-based Yum Foods International, which owns the KFC brand, is refusing to renew the franchise licenses held by Competitive Foods in Western Australia, according to a newspaper report.

Competitive Foods Australia, owned by franchise hall-of-famer Jack Cowin and worth an estimated $350 million, operates 46 KFC restaurants in WA, 4 in the Northern Territory, as well as 300 Hungry Jack’s outlets around Australia.

Labor MP Paul Papalia told the Western Australian Parliament last week that Yum Foods had offered to buy Competitive Foods KFC licences for ’significantly less than their market value’.

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