The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
County Constanta, South-East Region and County Ramnicu Valcea, South-West Region
Sector
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56.1 - Restaurants and mobile food service activities
200 jobs Number of planned job creations
Announcement Date
10 July 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
The KFC and Pizza Hut chains will expand by another four units (two KFC restaurants and two Pizza Hut restaurants) to the provinces by the end of the year, announced Carmen Lupuleţ, marketing manager of the two companies that hold the brands. Every new unit will generate a minimum 30 jobs and a maximum 100 new jobs.
So far the Romanian KFC chain consists of nine restaurants in Bucharest and another seven in the provinces (Braşov, Constanţa, Ploieşti, Oradea, Timişoara and Iaşi with two units). The brand has been brought to Romania as franchise by US Food Network.
The turnover of the company in 2005 was estimated at EUR 8.5 million.
“We have to select every city we go to carefully, bearing in mind the population, the purchasing power in the area, and the location itself that needs to be a central area or an area with lots of people. That is why we have opted for malls”, stated Carmen Lunguleţ.
Sources
11 July 2006: Ziarul Financiar
12 July 2006: Ziarul Financiar
Citation
Eurofound (2006), KFC Romania, Business expansion in Romania, factsheet number 63761, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63761.
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