Yum Brands Archives - Inside Retail Asia
An aggressive store rollout program is helping Yum China achieve sales growth, but its Pizza Hut business continues to struggle.
US Mexican-themed dining chain Taco Bell says it plans to drive growth by expanding its presence in Asian markets.
Taco Bell Thailand is scheduled to launch in Bangkok early next year.
Yum China could be the target of a takeover bid, which if it proceeds would make it the largest consumer-company sale in Chinese history.
Kentucky Fried Chicken has launched an online merchandise shop, KFC Ltd, selling fried-chicken apparel and limited-edition items.
Yum China Holdings’ profit of US$640 million last year was led by margin expansion and restaurant openings.
Taco Bell has opened its first outlet in China, in Shanghai’s Lujiazui business district.
A buyer has been found for McDonald’s Malaysia and Singapore franchise rights according to media reports.
Yum China is set to exploit “huge potential” after its spin-off from its US parent, says Neil Saunders, CEO of Conlumino.
Final bids are in from at least three groups bidding for the McDonald’s China and Hong Kong business.
Yum China has revealed the likely composition of its board post-spin-off from its US parent.
Yum! Brands has agreed with two partners to invest $460 million into Yum China, following its spinoff from the American fast-food giant.