India’s KFC, Pizza Hut operators to merge in $1.2B deal

Jan 4, 2026 - 20:00
India’s KFC, Pizza Hut operators to merge in $1.2B deal
India's KFC and Pizza Hut operators Sapphire Foods and Devyani International said on Thursday they will merge in a US$934 million deal, creating a fast-food franchisee powerhouse in the world's most populous country.

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