Business Intelligence on Retailing, Franchising, and Consumerism in China

Yum Brands To Double Restaurants In China

Yum Brands announced plans to double the number of its restaurants in China.

Micky Pant, chief executive officer of Yum Brands China division, said that they have plans to develop 20,000 restaurants in China. Yum Brands' China business spin-off will be completed on October 31, 2016. At present, Yum Brands has over 7,300 KFC and Pizza Hut restaurants in China.

Pant said that Yum China's profit growth will reach 15% and the company will open new restaurants in fast-growing big cities, transportation hubs, and new shopping centers. At the same time, Yum China will promote Taco Bell and Little Sheep restaurants, despite the fact that the expansion of those two brands falls much behind KFC and Pizza Hut.

Pant also revealed that Primavera Capital and Ant Financial will jointly invest USD460 million into Yum China, bringing competitive advantages to the company.

Be the first to comment on "Yum Brands To Double Restaurants In China"

Leave a comment

Your email address will not be published.


  Other China News

China's Meizu Gives Up On Shenzhen And Returns To Zhuhai

Baidu Ventures Closes First Investment Project With 8i

Didi Chuxing Announces 2017 Strategies, New Organizational Structure

Baidu's Latest Acquisition Strengthens Its Smart Home Services


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

Tiantian Express Sells To Rival In China

Coca-Cola To Sell Chinese Bottling Business

Qualcomm Sets Up Semiconductor Test Factory In Shanghai

Best Logistics Closes Good Investment For International Expansion