Private Equity Firms KKR and Hopu Investments Rumored to Invest in Yum Brands’ New China Division

Yum Brands, parent company of US popular fast-food chain KFC, is in talks with private equity (P/E) groups including KKR & Co LP to sell a 19.9 percent stake in its China unit, the Financial Times reported on Thursday [24 March 2016], citing unidentified sources. The newspaper quoted people familiar with the matter as saying

McDonald’s and KFC Allow Customers to Use Apple Pay

Fast-food retailers McDonald’s Corp and KFC are among the first group of merchants in the Chinese mainland to use Apple Pay, the smartphone-based payment system launched in the country, on Thursday [18 February 2016]. McDonald’s adopted the payment system at its 1,700 restaurants across the country. “McDonald’s is offering customers a digital and personalized dining

Yum Brands Reports Better than Expected Earnings in the Run-up to its Chinese Spin-off

Yum Brands Inc, which is preparing to spin off its Chinese operations this year, reported fourth-quarter earnings that topped estimates, helped by sales increases at its Taco Bell and KFC chains. Excluding some items, profit was 68 cents a share in the period, the Louisville, Kentucky-based company said in a statement on Wednesday. Analysts had

Yum Brands Exploring IPO Opportunities for its China Division in Hong Kong and Other Asian Stock Exchanges

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