Uni-President in Talks to Acquire Jardine Restaurant Group, With Stakes in KFC and Pizza Hut in Vietnam
Uni-President Enterprises is in talks to acquire Jardine Restaurant Group in a deal reportedly valued at about $400 million. The group owns all of Pizza Hut’s Vietnam business and a 25% stake in KFC’s Vietnam business. Reuters says the parties could sign an agreement by the end of 2026, but terms have yet to be finalized.
Uni-President Enterprises is in talks to acquire Jardine Restaurant Group (JRG) in a deal reportedly valued at about $400 million. Reuters says the parties could sign an agreement by the end of 2026, but negotiations are ongoing and the terms have yet to be finalized.
A subsidiary of Jardine Matheson, JRG is headquartered in Hong Kong and operates about 1,000 KFC and Pizza Hut outlets across Hong Kong, Macau, Myanmar, Taiwan and Vietnam, with approximately 25,000 employees. The two brands have a combined network of about 380 outlets in Vietnam.
Uni-President Enterprises is in talks to acquire JRG, which holds stakes in KFC and Pizza Hut operations in Vietnam.（VietVance）
According to JRG’s website, the group acquired a 25% stake in Pizza Hut’s Vietnam business in 2005 and increased its ownership to 100% in 2011. The Hong Kong Business Association Vietnam says Pizza Vietnam Limited, which operates Pizza Hut restaurants and delivery services in the country, is wholly owned by JRG.
JRG says it acquired a 25% stake in KFC’s Vietnam business in 2011. According to information released by KFC, it had 250 restaurants in Vietnam as of June 2026 and aimed to increase that number to 260 by the end of 2026. Pizza Hut’s official website lists about 130 outlets in Vietnam. If the acquisition is completed, the ultimate ownership of Pizza Hut’s operating company in Vietnam could change; for KFC’s Vietnam business, the transaction would involve JRG’s 25% stake.
Source: VietVance
