Collins Foods' Dutch KFC restaurants at risk of closure

16 March 2020,

Global KFC restaurant operator Collins Foods (ASX: CKF) has announced that its stores in the Netherlands will not be able to operate as usual because of coronavirus concerns.

It comes as the Dutch government announced all restaurants must close immediately until 6 April.

"As a result, Collins Foods' KFC restaurants in the Netherlands will not be able to operate as normal," says Collins Foods.

"The Government has yet to announce whether restaurants can continue to trade through channels such as delivery and/or drive through."

Collins Foods also announced the reopening of its KFC restaurant in Deagon, Queensland after one of the store's team members tested positive for coronavirus last week.

The restaurant was subjected to a deep clean and all other employees have received clearance to return to work.

Further information is expected within the next 24 to 48 hours.

Shares in CKF are down 13.59 per cent to $5.14 per share at 11.13am AEDT.

Updated at 11:25am AEDT on 16 March 2020.


 

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