KFC or Kentucky Fried Chicken is investing €20 million to open more restaurant branches in Italy. It was said that the fried chicken brand is planning to launch 25 new outlets and this will create 500 new job openings.
According to Dissapore, KFC Italia is aiming to open all the 25 new restaurants this year. The fried chicken brand expressed its desire to invest in the country as the flagship of the European market.
It was added that KFC Italia has displayed a continuous growth trend since it was first launched in the region and this success has led to expansions. The company has established 57 stores across the country since its arrival in 2014.
It was reported that KFC's growth has been more visible in the last two years despite the pandemic. Thus, the decision to set up 25 more restaurants this year has easily been approved. The surge was said to have created 1,000 new jobs and over 10 million customers were served in 2021.
With the additional new stores this year, 500 jobs are expected to be offered for the locals throughout Italy. The job roles will not only be for the KFC Italia stores but the company will also be hiring people for its supply and services units. It was shared that each KFC restaurant in Italy currently employs an average of 20 staff.
"Italy is the European market with the highest growth potential and this is demonstrated by the fact that we have never stopped, even in the last two years," KFC Italia chief executive officer, Corrado Cagnola, said in a press release via Retail & Food. "Today we are in 13 regions and we want to make our presence even more widespread, thanks to the success that our product is enjoying in our country."
He added, "The whole KFC Italia system is ready to invest in solid and sustainable development, which means employment, induced activities, quality, the fight against waste and of course a unique and distinctive catering offer."


Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast
Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices
South Korea Remains MSCI Emerging Market Despite Reform Progress
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review
KPMG Australia Chairman and Senior Partners Exit Amid Escalating Whistleblower Scandal
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge
Bain Capital Nears Deal for Majority Stake in Volkswagen Marine Engine Unit Everllence
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth
Nissan Halts Electric Qashqai Development Amid EV Market Challenges 



