The Private Company owned by Businessman Ormiston Ken Boyea ceased operation yesterday, leaving hundreds of employees on the breadline.
NBC News understands that the company had financial problems and was not able to raise the money to salvage the company.
In the meantime, discussions will be ongoing about the refinancing of the Company.
KFC is part of St Clair Investment, which is the parent company for the three KFC Restaurants, as well as Pizza Hut and W.J Abbots.
