Fast-food millionaire Jack Cowin is taking restaurant giant Yum! Brands to court accusing the US fast-food giant of unconscionable conduct.
But Yum! Restaurants Australia, the franchisor of the KFC and Pizza Hut brands in Australia, has rejected Cowin’s action, describing it as “farfetched†and “without merit.â€
Cowin, whose wealth has been estimated at $618 million by BRW magazine, has accused Yum! of thwarting his attempts to sell the franchise rights to 46 KFC outlets in Western Australia and said Yum!’s actions could lead to the closure of his stores.
Cowin, whose Competitive Foods is Australia’s biggest franchisor of restaurants, was contacted for comment this morning, but was not available before publication. Read more.