Uni-President Enterprises in Talks to Buy Stake in Operator of KFC and Pizza Hut in Vietnam
Taiwanese food group Uni-President Enterprises is in talks to buy a stake in a Jardine Matheson restaurant subsidiary that operates KFC and Pizza Hut in Vietnam and four other Asian markets. The deal is valued at about US$400 million, but its terms have yet to be finalized.
Reuters reported that Taiwanese food group Uni-President Enterprises is in talks to acquire a stake in Jardine Restaurant Group in a deal valued at about US$400 million, equivalent to more than 10.3 trillion Vietnamese dong. The company is a subsidiary of Jardine Matheson and operates KFC and Pizza Hut outlets in five Asian markets, including Vietnam.
The Hong Kong-based restaurant company manages and operates about 1,000 outlets in those markets and employs around 25,000 people. The parties could sign an agreement by the end of 2026, but the terms have yet to be finalized, and it remains uncertain whether a deal will be reached.
A KFC outlet in Ho Chi Minh City.（VietVance）
The company’s businesses also include PHD, a takeaway pizza chain in Hong Kong. Its operations generate approximately US$35 million to US$40 million in earnings before interest, taxes, depreciation and amortization. In its 2025 annual report, Jardine Matheson said consumer spending in Hong Kong remained weak amid deflationary pressure, negatively affecting its restaurant and consumer goods businesses.
Jardine Matheson has carried out several asset transactions in 2026 to adjust its investment portfolio. Uni-President Enterprises operates in food production, convenience stores, distribution, logistics and packaging, among other sectors. Its annual report showed that net profit fell 5.1% in 2025 to nearly US$600 million, affected by rising coffee bean costs and a restructuring of its e-commerce business.
Source: VietVance