Losses leap to €8.7 million at Irish KFC franchise

Disposals and write-offs cancel out €2m turnover growth

Herbel restaurants (Ireland) is owned by Belfast businessman Michael Herbert Pic: Getty

Losses at the company that operates the KFC franchise across Ireland have jumped to €8.7 million from profits of €734,521 at the time of the last set of accounts.

Accounts for Herbel restaurants (Ireland) show that the company’s turnover rose from €16.1 million in March 2015 to €18.3 million at the end of December 2013. In that thirteen month period, the company registered €2 million more in food and drink sales, which pushed ...