شبكة قدس الإخبارية
Source: شبكة قدس الإخبارية
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“Smart Service K&K,” the company that operates the KFC chain in Israel, asked the Beersheba District Court to appoint a temporary trustee and allow it to continue operating. The request comes amid debts of nearly 50 million shekels and losses of about 9 million shekels in 2024. The company operates 12 branches and attributes its financial crisis to the fallout from the war following October 2023, a decline in customers and revenue, and rising expenses. Its owners, who live in Russia, have also been unable to transfer additional funds because of sanctions. The company faces claims from creditors and eviction notices, and is seeking to contain its losses and address its obligations.
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