Yum! Brands Inc, which owns fast food restaurant chains KFC, Pizza Hut and Taco Bell, announced a detailed plan to split its China division so it operates as its largest franchisee. The company’s China branch, which accounted for about half of Yum’s total operating profit during the third quarter this year, while continuing to be based and listed in the United States, will explore IPO opportunities in Hong Kong and other Asian exchanges, the Louisville-based company said at its annual investor conference…Full Article: China Daily Dec 2015
- As of December 2015, Yum Brands operates approximately 6,900 restaurants (e.g. KFC, Pizza Hut, etc.) in roughly 1,000 Chinese cities.
- In December 2015, KFC announced it would open its first restaurant in Tibet in January 2016.
- In late-October 2015, Yum Brands announced it would split off its Chinese division into a separate company.
- In mid-October 2015, Yum stated it would lower its annual growth forecast in light of lackluster sales.
- In August 2015, there was speculation that Yum Brands would spin off its KFC division after the CEO of Yum’s KFC Division transitioned to the CEO position of Yum China.
- In June 2015, Kentucky Fried Chickens comprised 4,889 out of Yum’s 6,853 (or 71%) restaurants 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”.