KFC’s headquarters is being moved from its ancestral home in Kentucky to Texas as part of a wider shakeup at its parent company

KFC, the fast-food restaurant chain formerly known as Kentucky Fried Chicken, is moving its corporate headquarters in the US from Louisville in Kentucky to Plano in Texas, according to a statement from its parent company, Yum Brands.

About 100 corporate employees and dozens more remote workers will be required to move and will receive relocation support.

The decision by Yum Brands is part of a plan to have two headquarters for its main brands — KFC and Pizza Hut will be headquartered in Plano, while Taco Bell and Habit Burger & Grill will remain in Irvine, California.

In recent years, many companies have relocated to Texas attracted by the state’s lower taxes and business-friendly policies.

“These changes position us for sustainable growth and will help us better serve our customers, employees, franchisees and shareholders,” said David Gibbs, the chief executive of Yum Brands in the company’s statement.

Yum also expressed hope the plan will boost collaboration between its employees and brands.

The statement added that Yum will be maintaining it corporate offices as well as the KFC Foundation in Louisville.

The governor of the state of Kentucky, Andy Beshea, has criticised the move to relocate KFC’s headquarters, according to a statement given to the Associated Press.

“I am disappointed by this decision and believe the company’s founder would be, too,” Mr Beshear reportedly said.

“This company’s name starts with Kentucky, and it has marketed our state’s heritage and culture in the sale of its product.”

KFC’s history in the state dates back to the 1930s, when its founder Colonel Harland Sanders began selling fried chicken at a service station in Corbin.

Today, Sanders’ face is emblazoned on the shop fronts of more than 24,000 KFC restaurants in over 145 countries and territories around the world.

Since the pandemic, many US companies have moved their headquarters. According to a report by real estate services firm CBRE, Austin and other Texan cities have been particularly successful due to the state’s business-friendly environment.

(BBC News)

Bakery owners have agreed to reduce the price of a loaf of bread by Rs. 10, according to the Ministry of Trade.

This follows a decision by two leading flour manufacturers in Sri Lanka – Serendib Flour Mills and Prima, to reduce the price of wheat flour by Rs. 10 per kilogramme.

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Leading flour manufacturers in Sri Lanka – Serendib Flour Mills and Prima, have decided to reduce bread flour prices by Rs. 10 per kilogram effective from tomorrow (Feb.18).

“During 2024, we implemented an initial reduction of Rs. 10 per kilogram in bread flour prices. While the earlier reduction did not translate to lower bread prices, both institutions have now stepped forward with an additional Rs. 10 per kilogram reduction, bringing the total reduction to Rs. 20 per kilogram,” said Mr. Kalinga Wijesekera, Director Brand and Corporate Communications, Serendib Flour Mills.

“We have informed the Minister of Trade of the latest reduction, and sincerely believe the Bakery Association will pass on the benefit of this price reduction to end consumers through reduced prices of bread and other bakery items,” he added.