BIZ

Fast-food giant KFC leaves Kentucky home for Texas

Published

4 weeks ago

February 19, 2025

editor

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)

BIZ

CAA announces prices for 22 essential food Items

Published

3 days ago

March 15, 2025

editor

The Consumer Affairs Authority has released the estimated price ranges for 22 essential food items. These prices will remain valid until the 16th.

Scan 12 Mar 25 · 10·51·25 Download

BIZ

Nearly Rs. 05 mn. stolen onboard FitsAir flight!

Published

3 days ago

March 14, 2025

editor

Katunayake police have received a complaint over a sum of nearly Rs. 05 million being stolen from hand luggages of several passengers travelling from Sri Lanka to Dubai on a FitsAir flight.

The robbed passengers had included several doctors who were travelling to a medical conference in Dubai.

The loss of the cash, including 15,000 US Dollars and 6,000 Dirhams, had been only discovered after the passengers had disembarked the flight.

Upon complaining to the Dubai police, they were told to lodge complaints with the Bandaranaike International Airport in Katunayake and with the Sri Lanka Police. However, the robber remains at large.

It is said that the flight lacked CCTV cameras and the airline is also attempting to evade the matter despite the victims also complaining to the company office.

However, a day after the incident, a foreigner travelling from Dubai to Colombo was arrested over another inflight theft and according to media reports, the said suspect is said to have travelled in the aforementioned FitsAir flight to Dubai.

When the ‘Lankadeepa’ newspaper made an inquiry from the airline in this regard, they were told that the company cannot comment to the media.

Aberdeen Holdings, which owns FitsAir, is chaired by Sattar Kassim.

BIZ

MRP on rice remains unchanged – CAA

Published

4 days ago

March 13, 2025

editor

The Consumer Affairs Authority (CAA) today (March 13) announced that the Maximum Retail Prices of rice remain unchanged.

The CAA notes that reports have emerged of certain rice mill owners and wholesalers attempting to sell rice at higher prices by misleading retailers into believing that the CAA’s regulated prices have changed, leading to queries whether it is so.

Therefore the MRP remains unchanged and are as below :
Raw red rice – Rs. 220 per kg
Nadu rice – Rs. 230 per kg
Samba rice – Rs. 240 per kg
Keeri Samba rice – Rs. 260 per kg

The CAA further emphasizes that continuous raids and investigations will be conducted islandwide to strictly enforce these price regulations and take legal action against any violators.