Petrol forecourt operator EG Group has acquired the largest KFC franchise in the UK and Ireland from Belfast-headquartered, The Herbert Group.
The deal will see the Euro Garages operator gain control of 146 KFC restaurants and one Pizza Hut, as well as a development pipeline and a small number of non-trading sites.
It means EG Group now operates over 1,500 food-to-go retail concessions across 10 international markets, while the acquisition bolsters its employee numbers by 4,000 staff.
Zuber Issa, founder and co-CEO of EG Group, said that securing The Herbert Group portfolio was “well-aligned” to its long-term strategic growth plans and builds on its 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.
“We are committed to working closely with the KFC brand team to invest in the portfolio we are acquiring, and to open new restaurants. There is already a strong development pipeline for us to work towards developing.”
Since EG Group was founded in 2001 by the Issa family, it has grown to more than 6,000 sites and serves more than 23 million customers per week.
Paula McKenzie, general manager at KFC UK & Ireland, said: “I’d like to personally thank all of the Herbert Group team for their partnership and contribution to our brand over the last 39 years. We’re pleased that EG Group have acquired these restaurants – it shows confidence in investing in KFC and comes at an exciting time for our brand, off the back of unprecedented sales growth in 2020 so far.”
KFC has more than 900 restaurants across the UK and Ireland.