, Europe

Collins Foods set to expand Dutch footprint with store acquisitions

The move is expected to complement the company’s long-term plan in the region.

ASX-listed Collins Foods is set to acquire nine KFC restaurants in the Netherlands, which will effectively make its total footprint more than half the market.

One of its wholly owned Dutch subsidiaries, Collins Foods Netherlands Operations B.V., entered into a €10.25 million (approx. A$16 million) share purchase agreement with RDK Holding B.V. and MDK Holding B.V., the country’s second largest KFC franchisee.

The acquisition cost is subject to various adjustments to be made at completion, and will be funded from Collins Foods’ existing debt facilities, the operator said.

Once completed, this acquisition will increase the Collins Foods’s KFC footprint in the Netherlands to 44 restaurants, or 55% of the market.

The announcement follows Collins Foods’ signing of a corporate franchise agreement (CFA) with a subsidiary of Yum! Brands Inc. (Yum!) for KFC Netherlands, expected to streamline the Netherlands’ franchisee structure and enable access to additional development trade zones.

The nine restaurants to be acquired will not count towards the CFA’s target of up to 130 net new KFC restaurants over the next 10 years.

Follow the link for more news on

Join QSR Media Australia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!