KFC franchise finds buyer

Liquidator of the franchise, Nigel Dixon-Warren told Mmegi Business yesterday that at a meeting held last week, creditors accepted the bid, which will take the company out of liquidation. Dixon-Warren however declined to name the winning bidder saying the matter still has to get regulatory approval including from the Competition Authority.

“We had four bidders in the final stages and we selected one as the preferred bidder who did their final due diligence and made a final offer. If the deal gets regulatory approval, we expect to hand over the business to the new owner by the beginning of December,” he said.