İş Gıda, operator of KFC and Pizza Hut in Turkey, declares bankruptcy, closing 537 outlets amid $214M debt and Gaza-related boycotts. 7,000 jobs lost.

cross-posted from: https://lemmy.dbzer0.com/post/38198213

The fallout highlights how geopolitical tensions and financial risks can destabilize global franchises. Reports suggest consumer boycotts targeting Western brands over Israel’s actions in Gaza significantly impacted KFC’s Turkish sales . Meanwhile, İş Gıda’s debt-fueled growth strategy left it vulnerable to economic shocks, including Turkey’s inflation crisis.

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