News released today that the Californian deal is going ahead, with no mention of a price renegotiation.
http://nzx-prod-s7fsd7f98s.s3-websit...995/329793.pdf
The following is an article on how YUM Brands, the master franchise holder for KFC, has navigated Covid-19
https://www.qsrmagazine.com/restaura...rength-numbers
YUM closed down many restaurants during the second quarter of the year., but it looks like the tide has turned:
"Restaurants started reopening in May, and as of June, closures were down to half what they were at their peak. Today, closures have slid to fewer than 2,500 units, meaning Yum is back to 95 percent coverage."
Time will now tell if RBD has overspent to establish its Californian foothold.
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