The Herbert Group, operator of central Europe's largest KFC franchise, has agreed the terms of a €30.7 million refinancing deal with Danske Bank for the purpose of supporting new investment and expansion plans.
The Irish Times reports that the Belfast-based company recently acquired a further 27 KFC outlets, with an eye to opening 20 more with funds from the new financing arrangement.
There are also plans in place to institute a KFC home delivery service in Northern Ireland, which is expected to generate 80 new jobs.
Get a FREE Digital Subscription!Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Herbert Group finance director Jason Carlisle referred to the recent acquisitions as a "strategic move" and declared that the Danske Bank refinancing deal would give the group a "platform and funding structure to pursue further acquisitions."