Apollo Group to Acquire Norway's Fly Chicken Chain to Launch KFC Brand
KFC franchisor Apollo Group, in partnership with MM Group, is acquiring Norwegian fast-casual chain Fly Chicken to introduce the KFC brand in Norway. The plan includes converting most of Fly Chicken's 19 locations into KFC restaurants and opening additional sites over the next five years. Apollo Group will invest €20 million ($22 million) in the Norwegian market during this period. Fly Chicken's co-founder and CEO Ronny Gjøse will remain in his role to lead the transition and rebranding. The acquisition makes Norway the fifth market where Apollo Group operates KFC under a franchise agreement. Apollo Group CEO Toomas Tiivel highlighted the strategic expansion in Northern Europe, combining Fly Chicken's local expertise with Apollo's international experience. The deal is subject to standard regulatory approvals.
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