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Romania's Sphera Franchise opens new KFC restaurant

Jun 3, 2024, 5:05:31 PMArticle by Alexandru Cristea
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June 3 (SeeNews) - Romanian fast food chain Sphera Franchise Group [BSE:SFG] has opened a new KFC restaurant in the western city of Hunedoara, following an investment of around 1 million euro ($1.1 million), it said on Monday.

Romania's Sphera Franchise opens new KFC restaurant
KFC drive thru restaurant Source: Sphera Franchise Group

The new Drive Thru restaurant, spanning 340 sq m, marks the first KFC unit in the city and has a capacity of 96 indoor and outdoor seats, the company said in a press release.

The Hunedoara restaurant is staffed by 50 people.

Sphera Franchise Group operates over 160 KFC, Pizza Hut and Taco Bell restaurants in Romania, Italy and Moldova, employing some 5,000 people.

Blue-chip Sphera Franchise's shares traded 0.58% higher at 34.7 lei ($7.56/6.97 euro) as of 1527 CET on Monday on the Bucharest Stock Exchange.

(1 euro=4.9761 lei)

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