Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case 
Reliance Industries Reworks Jio IPO Into Fresh Share Sale Amid Valuation Talks 
Malaysia Unveils Energy Security Plan Amid Iran Conflict and Rising Oil Costs 
Nintendo Shares Tumble as Weak Forecast and Rising Switch 2 Costs Worry Investors 
Dollar Rises as Strait of Hormuz Crisis Pushes Oil Prices Higher 
Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations 
CoreWeave Q1 2026 Revenue Surges as AI Infrastructure Demand Grows 
Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns 
Australia Budget 2026: Smaller Deficit Expected Amid Tax Reform Push 
AcadeMedia Q3 Profit Climbs as International and Adult Education Segments Drive Growth 
Orsted Q1 EBITDA Beats Expectations Despite U.S. Impairments 
Asian Currencies Slide as Iran Tensions Boost Dollar and Oil Prices 
Gold Prices Slip as Strong Dollar and Rising Oil Weigh on Market Sentiment 
Armani Group Eyes Strategic Stake Sale to Luxury Giants 
China Export Growth Surges in April as Global Buyers Rush to Secure Supplies 
Trump Invites Top CEOs Including Nvidia, Apple, Boeing to China Summit With Xi Jinping 
KFC Thailand may be put up for sale by its local franchisee, Restaurants Development Company Limited. It was reported that the RD is considering the sale of its franchise business which is valued at around $300 million.
As per Reuters, there are business insiders who are familiar with the matter, and they said that as the economy of the country slowly bounces back, the revenue of RD also rebounded, but it is still exploring the sale of its KFC business.
It was said that the Bangkok-headquartered franchisee of KFC Thailand is backed by a strong consortium of investors led by AIGF Advisors Pte Ltd, a private equity firm focusing on Southeast Asia. The source revealed the company is in talks with at least one advisor on the possible sale of its fried chicken restaurant chain.
Based on its LinkedIn profile, RD currently operates more than 240 KFC outlets in Thailand and employs over 4,000 employees. However, it was learned that the company was actually mulling the sale of its KFC business since 2020. According to the insiders, at that time, the sale was already in process, but it was put off due to the COVID-19 pandemic.
The sale talks were revived after the company’s consumer confidence in the Thai market picked up in June for the first time in six months. This development improved the economic condition as the restrictions related to the pandemic were eased up. RD also achieved its highest quarterly sales ever in the first quarter of this year, which also turned out to be its highest annual same-store sales growth rate.
With the economic recovery and travel restrictions being slowly lifted, Restaurant Development expects that its KFC business will grow further in the next quarters. Now, with the sale being considered, sources shared that there are two potential buyers, and these are The QSR of Asia Co Ltd. and the Central Restaurants Group.
Finally, Thai Beverage, which runs the QSR of Asia, declined to comment about KFC Thailand’s sales talk. The Central Group could not be reached as well for comments.
