Syrias economic meltdown has reached an important milestone. KFC - TopicsExpress



          

Syrias economic meltdown has reached an important milestone. KFC abandons the Syrian capital reflecting the striking degree to which the country has run out of food, fuel, safe roads, hard currency and just plain customers. *** The picture of a quintessential American brand thriving in an “Axis of Evil” country currently targeted by U.S. sanctions may seem contradictory at first blush. Yet, in the Middle East, people have spent up to seven times their daily income on a bucket of fried chicken. Even in the Gaza Strip, where the average income hovers around $2 (U.S.) per day, KFC remains popular. The KFC branch in Al-Arish, Egypt has smuggled in deliveries through Hamas’s tunnels for $30 a meal. The United Arab Emirates, a country that has roughly the same population as New Jersey, opened its 100th KFC branch this May. Libya and Iraq crave KFC no less: Knockoffs of the restaurant— “Uncle Kentucky” in Tripoli and Fallujah—thrive in places where American ideas may not be winning hearts and minds, but they are winning stomachs. The only time Americana, the Kuwait-based company that owns KFC’s franchises in Syria and the broader region, faced politically motivated boycotts was during the Second Intifada, half a decade before KFC’s first Syrian branch opened. All of Americana’s brands—KFC, Hardee’s, TGI Friday’s, and others—were hurt during that time, with one exception: Pizza Hut. The reason? According to Americana’s vice president of finance, Ahmed Hassan, “people thought it was Italian.” Americana soon added to its regional logo the words “Arabiya Miyah fil Miyah,” meaning “one hundred percent Arab,” which effectively solved the problem. Americana’s franchises have proved to be surprisingly resilient in a region that has seen its share of turmoil in the past couple of years. Almost all of the 1,400 restaurants region-wide have been able to effectively ride out the Arab Spring. Even in Egypt, no stranger to widespread chaos, But for the past few years, the odds have been stacked against KFC in Syria. The franchise weathered more than two and a half years of war, but this month, it became one of the last foreign businesses in the country to close its doors. (By ADAM HEFFEZ) *** Nizo
Posted on: Fri, 01 Nov 2013 06:03:01 +0000

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