Soul Foods Group – a major franchisee for KFC and Starbucks operating almost 400 units across the UK and Canada – has received an important investment from a consortium of several institutional investors: Centerbridge Partners, Metric Capital Partners, and OpCapita.
The investment will be used to develop new sites and renovate existing ones with the objective of doubling up the company total portfolio in the next five years. Soul Foods Groups is one of the largest franchisees of KFC and Starbucks and has been steadily growing since its creation in 1985. The company has recently reported a 46% increase in business turnover from £74.8M to £109.2M and a pre-tax profit of £10.6M.
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