Sale of KFC franchise back on track

Friday, July 07, 2017

Up for grabs: At least 9 firms have been shortlisted to buy the KFC franchise

The sale of the KFC franchise in Botswana is back on track after the former franchisee VPB Propco withdrew an appeal against a judgement that placed the company under final liquidation.

KFC was placed under final liquidation by the High Court in September last year but the process to sell the franchise was stalled after VPB proprietor Anthony Siwawa lodged an appeal against the judgement.

KFC liquidator Nigel Dixon-Warren of KPMG told BusinessWeek on Wednesday that following the withdrawal of the appeal, they have now shortlisted nine companies from Botswana and outside.

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Sale of KFC franchise back on track

The sale of the KFC franchise in Botswana is back on track after the former franchisee VPB Propco withdrew an appeal against a judgement that placed the company under final liquidation.