This excerpt taken from the BOBS 10-K filed Apr 4, 2007.
In the beginning 2007, the Company, through its new holding company in Brazil, 22 N, reached an agreement with Yum! Brands’, owner of KFC brand in Brazil.
By this agreement, 22 N will assume the operations of KFC’s four directly owned and operated restaurants in Rio de Janeiro, as a Yum! Brands’ franchisee and will be responsible for developing and expanding KFC’s chain in Brazil through new own-operated restaurants and franchisees, as well as managing the chain’s operations in Brazil.


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