Iş Gıda, the former operator of fast food chains KFC and Pizza Hut in Türkiye, has filed for bankruptcy, a month after U.S.-based Yum! Brands terminated its franchise agreements with the Turkish company.
Iş Gıda has filed for bankruptcy proceedings with a debt of TL 7.7 billion ($214 million), Anadolu Agency (AA) said on Friday. That leaves about 7,000 people without jobs and shuts 537 restaurants across Türkiye, including 283 KFC and 254 Pizza Hut stores.
KFC and Pizza Hut are among several Western brands in Türkiye that have been subject to boycott calls over their links to Israel, which has killed more than 47,000 people in Gaza since Oct. 7, 2023 and continues violations in the occupied West Bank.
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