Yum Brands Inc announced on Tuesday [18 August 2015] US time new leadership for its China division as investor activists lobby for the owner of the KFC and Pizza Hut brands to spin off that business, which is its biggest driver of revenue and profit. Yum said company veteran Micky Pant, 60, would replace retiring Sam Su, 63, as chief executive of the China division. Su, who has been with Yum for 26 years, was instrumental in making Yum the biggest Western restaurant chain in China. Pant, currently CEO of Yum’s KFC Division, will become CEO of Yum China on Wednesday…Full Article: The Global Times Aug 2015
- By the end of June 2015, Kentucky Fried Chickens comprised 4,889 out of Yum’s 6,853 (or 71%) restaurants in China.
- As of early 2015, KFC had 4,500 stores in China.
- KFC is owned by Yum Brands, a company that also manages Taco Bell and Pizza Hut. The company also manages a high-end Italian restaurant in Shanghai called “Atto Primo”.