Freeths advise on largest KFC Franchise deal
Freeths have advised International petrol forecourt and convenience retail operator EG Group, trading as Euro Garages Limited, on its acquisition of the largest KFC franchise in the UK & Ireland from Belfast-headquartered, The Herbert Group.
The acquisition of 146 KFC Restaurants and 1 Pizza Hut Store, as well as a development pipeline and non-trading sites means that EG Group now operates over 1,500 food-to-go retail concessions across ten international markets including the United Kingdom, Ireland, France, Belgium, The Netherlands, Luxembourg, Italy, Germany, United States of America and Australia. This acquisition also sees EG Group bolster its global employee complement by a further c.4,000 staff members.
Zuber Issa, Founder and Co-CEO, EG Group, expressed, “Securing The Herbert Group portfolio is well aligned to our long-term strategic growth plans and builds on our commitment to grow the EG Group’s presence in the food-to-go retail convenience segment. The Herbert Group portfolio is a great strategic addition and complements our expanding operations in the United Kingdom and furthermore, now allows us entry into the Irish market.”
Freeths’ Corporate and Real Estate teams worked with EG Group to complete this acquisition. Real Estate and Client Partner, Atiyya Khaliq, commented: “ It has been an absolute pleasure to advise Euro Garages Ltd on its stellar acquisition of the largest KFC franchise in the UK and Ireland along with my colleagues John Heaphy, Zac Clayton, Mallory Coxe, James Boulton, Katie Hillier, Maddy Scott and Nicole Hendy. Congratulations to everyone involved in getting this deal over the line for a fantastic client!”
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