Yum! Brands Inc. denied reports Monday that its KFC brand authorized a new restaurant in Iran late last week. Several news websites, citing Iranian media outlets, reported that a KFC outlet opened Friday in the city of Karaj, a suburb of Iran’s capital, Tehran. American companies are prohibited from doing business in the country, and Louisville, Ky.-based Yum said it has not had any restaurants in Iran since the 1979 Islamic Revolution. Yum said it was not behind this latest ...

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