“The management of Sphera Franchise Group S.A. (the “Group”) informs the market about the opening of a new KFC restaurant in Alba Iulia, in Carolina Mall, starting with 31.08.2023. The location is a food court unit, being the 101st KFC restaurant in Romania and the second one in Alba Iulia. The value of investment in the new location is approximately EUR 0.5 million. As of August 31, 2023, Sphera Franchise Group operates 179 restaurants: 101 KFC restaurants in Romania, two in Moldova and 18 in Italy, as well as 41 Pizza Hut restaurants, 15 Taco Bell restaurants located in Romania, one PHD subfranchise and one Paul restaurant,” the report shows.
SFG shares have gained 45% so far in 2023 amid deals worth RON27 million.