KFC Turkey Shuts All 537 Outlets Amid Bankruptcy and Gaza Boycott Fallout
KFC Turkey Shuts All 537 Outlets Amid Bankruptcy and Gaza Boycott Fallout
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munsifdaily.com KFC Turkey Shuts All 537 Outlets Amid Bankruptcy and Gaza Boycott Fallout
İş Gıda, operator of KFC and Pizza Hut in Turkey, declares bankruptcy, closing 537 outlets amid $214M debt and Gaza-related boycotts. 7,000 jobs lost.
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The fallout highlights how geopolitical tensions and financial risks can destabilize global franchises. Reports suggest consumer boycotts targeting Western brands over Israel’s actions in Gaza significantly impacted KFC’s Turkish sales . Meanwhile, İş Gıda’s debt-fueled growth strategy left it vulnerable to economic shocks, including Turkey’s inflation crisis.
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