The world's leading food and beverage group Yum! Brands, Inc. announced that the company will separate its China businesses.
Yum! Brands, Inc. announced plans to appoint Micky Pant as new chief executive officer of its China business division.
To support the development of Pizza Hut brand, Yum Brands announced that the group has now fully launched its franchise business in China.
The world's leading food and beverage group Yum! Brands Inc. published its financial report for the first quarter of financial year 2014, stating that its operating revenue was USD2.72 billion, a year-on-year increase of 7.5%.
Yum announced that its net profit decreased by 27% year-on-year to USD337 million in the first quarter of 2013, mainly attributing to the sales and profit decline in the Chinese market.
Yum! Brands Inc. announced plans to invest over CNY700 million to open at least 150 new Pizza Hut restaurants in China this year.
San Francisco-based Amici's East Coast Pizzeria will open a new outlet in Shanghai in January 2012.
The chain pizza restaurant Pizza Hut has announced that its 500th pizza restaurant in China has opened in Lanzhou, capital of Gansu province.
California Pizza Kitchen announced the opening of the first company-owned and operated restaurant in Shanghai.
Spanish pizza giant Telepizza and the bakery chain Christine have signed a letter of intent to set up a joint venture for their expansion in the Chinese market, with each party owning a 50% stake.