KFC, or Kentucky Fried Chicken, is a popular fast food restaurant chain that has been around for over 50 years. In March 2017, KFC announced that it would be closing all of its restaurants worldwide by the end of that year.
The reasoning behind this decision was that the company was struggling to keep up with the competition from newer, more popular fast food restaurants.
Although KFC closed down, it did not go out of business. Instead, it sold its business to another company.
This new company is called Yum! Brands, and it will continue to operate all of the restaurants that were closed by KFC.
There are several reasons why KFC closed down. One reason is that the company was struggling to keep up with the competition from newer, more popular fast food restaurants.
These newer restaurants are often faster and have more choices, which can be difficult for a fast food restaurant like KFC to compete with.
Another reason is that KFC was not doing well in international markets. This is because the food at KFC is usually very similar to the food at other fast food restaurants, which is not always popular in other countries.
Overall, KFC closed down because it was not doing well in the fast food industry. It is now owned by Yum! Brands, which is a company that is more well-known for its restaurants like Pizza Hut and Taco Bell.
