maaxx.ca

Jakarta –

PT Cipta Selera Murni Tbk (CSMI) as fast food franchise rights holder Texas chicken announced that it would immediately close all of its outlets in Indonesia. This closure was carried out after the company continued to suffer losses.

In fact, the closure of the Texas Chicken store itself had begun since February 28, 2023 when Cipta Selera Murni terminated the cooperation contract with Cajun Global LLC and could no longer use the brand. Texas Chicken itself was founded in 1952 by George W. Church in San Antonio, Texas, USA.

Launched from the Texas Chicken website on Friday (8/18/2023), this fast food restaurant was originally called Church Chicken, after the owner’s last name. But he only ran this restaurant for a few years and died in 1956.

After George W. Church’s death, other family members became active in the business. The same year that George died, Church Chicken managed to open 4 new branches.

Then, in 1962, George’s son, Bill Church, began to gain management expertise. The same year, the fast food chain expanded and opened 8 Texas Chicken outlets in San Antonio.

Even so, the Church family’s ownership of this franchise network did not last long. Because in October 1968 this franchise network was purchased and in May 1969 Church’s Fried Chicken, Inc. officially became a public company.

Then this company also joined another franchise network, Popeyes Famous Chicken & Biscuits. Then, on November 5, 1992, AFC Enterprises Inc. officially became the parent company of Church’s Chicken and moved its operations to its headquarters in Atlanta.

Church Chicken’s international expansion began in 1979. The company later established locations in Puerto Rico, Canada, Mexico and Indonesia and began operating as Texas Chicken.

In Indonesia itself Texas chicken under the auspices of PT Cipta Selera Murni Tbk (CSMI). CSMI as the Texas Chicken brand owner has been around since 1952, but this company was founded in 1983.

Based on RTI data, the data controller of this company is Lisa Muchtar. The name Lisa Muchtar holds the majority of shares with a total of 458,200,000 shares or 56.15%. The value of the share is 22,910,000,000 IDR.

Lisa Muchtar is a big investor who is also the daughter of Atang Latief, a well-known tycoon during the New Order era who was involved in the Bank Indonesia Liquidity Assistance (BLBI) case.

(fdl/fdl)