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Fortenova sells agri unit to Podravka for 333 mln euro
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Fortenova sells agri unit to Podravka for 333 mln euro
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Romania's Sphera opens fourth KFC restaurant in Sibiu

Feb 23, 2024, 2:40:39 PMArticle by Razvan Timpescu
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February 23 (SeeNews) - Romanian fast food chain Sphera Franchise Group [BSE:SFG] opened a new KFC restaurant in the central city of Sibiu, following a 1 million euro ($1.08 million) investment, it said on Friday.

Romania's Sphera opens fourth KFC restaurant in Sibiu
KFC drive-thru restaurant in Sibiu Source: Sphera Franchise Group

The new restaurant is the fourth KFC unit Sphera opens in Sibiu, the company said in a press release.

The new Drive Thru restaurant operates 24/7 with a capacity of 96 indoor and outdoor seats, the company said. The restaurant has a surface area of 350 sq m and is staffed by 50 people.

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

Sphera's shares traded 1.09% lower at 27.1 lei ($5.89/5.44 euro) as of 1259 CET on Friday on the Bucharest Stock Exchange.

($=0.923742 euro)

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Romania Economy Report Q4 2023
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