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Food & Drink

Food & Drink

Food & drink news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

Bankruptcy proceedings at Turkey's IS Gida have resulted in the closure of 537 restaurants and the loss of 7,000 jobs

Former KFC operator in Turkey files for bankruptcy

IS Gida, the former operator of the KFC and Pizza Hut franchises in Turkey, has filed for bankruptcy after debt reached TR7.7 billion ($214 million). The filing comes a month after the US-based owner of KFC and Pizza Hut terminated its franchise agreements with the Turkish company, state-run Anadolu Agency (AA) reported. “The reality we […]

With the acquisition of the Oman business, Americana operates 450 Pizza Hut restaurants across the Mena region

Americana acquires Pizza Hut business in Oman

Americana Restaurants, the largest food service business in the Mena region, has acquired the Pizza Hut brand in Oman from the Khimji Ramdas Group.  The restaurant operator said the acquisition includes 46 Pizza Hut restaurants which had an annual revenue of approximately $11 million in 2024.  The additional outlets increase its Pizza Hut restaurants across […]

The franchise termination will affect 283 KFC and 254 Pizza Hut restaurants in Turkey, which are expected to close 'at least temporarily'

KFC and Pizza Hut owner ends franchise deal in Turkey

Yum! Brands, the US-based owner of KFC and Pizza Hut, has terminated its franchise agreements with Turkish operator IS Gida. The decision was taken after IS Gida failed to meet its standards, Yum! Brands said. “Prior to termination, we engaged with IS Gida over several months to provide assistance and resolve key issues,” said Chris […]

Dubai alcohol tax

Dubai distributors to swallow 30% tax on alcohol brands

Dubai’s two main alcohol distributors have promised to absorb most, and in some cases all, of the 30 percent tax that was reinstated on alcoholic drinks from January 1. The Dubai Municipality tax on alcoholic beverages was suspended from the start of 2023, continuing into 2024. It was widely seen as an attempt to make […]

Calo offers meal subscriptions that customers can order and arrange online

Foodtech startup Calo plans IPO after $25m funding round

Saudi food technology startup Calo is planning to list on the country’s stock exchange following a raise of SAR94 million ($25 million) in its Series B funding round.  Based in Riyadh, Calo specialises in personalised meal subscriptions and also has a bricks-and-mortar offering. It is embarking on an accelerated expansion phase, increasing its physical locations […]

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United Arab Emirates

Public company

United Arab Emirates

Public company