CHENNAI: India’s quick service restaurant sector is set for a major consolidation with Devyani International and Sapphire Foods India announcing a strategic merger that will create the country’s ...
India's KFC and Pizza Hut operators Sapphire Foods and Devyani International said on Thursday they will merge in a US$934 million deal, creating a fast-food franchisee powerhouse in the world's most ...
The deal comes as India's fast-food franchisees grapple with higher costs, slowing same-store sales and margin pressure, while facing stiff competition from McDonald's (MCD.N), opens new tab and ...
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