Yum! China Archives - Inside Retail Asia
An aggressive store rollout program is helping Yum China achieve sales growth, but its Pizza Hut business continues to struggle.
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.
Yum China sales rose 12 per cent in the quarter to June 30, boosted by more stores and currency gains.
Technology ranging from mobile ordering to facial recognition for payments is included in new concept restaurant KPRO by KFC.
Sales, profits and margins all grew, along with store expansion, for Yum China Holdings in its first quarter.
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.
Yum China, which becomes independent at the end of this month, says it can triple its number of restaurants.
Yum China is set to exploit “huge potential” after its spin-off from its US parent, says Neil Saunders, CEO of Conlumino.
The Alibaba-KFC partnership was growing strongly long before the tech paid $50 million for a stake in Yum China.
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.