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It was spun off from Yum! Brands in 2016, becoming an independent, publicly traded company on November 1, 2016. Yum China is a trademark licensee of Yum Brands, paying 3% of total systemwide sales to Yum Brands. It operates 8,484 restaurants in over 1,100 cities located in every province and autonomous region in Mainland China. It has a ...
Yum! Brands, Inc. (sometimes called simply Yum!), formerly Tricon Global Restaurants, Inc., is an American multinational fast food corporation listed on the Fortune 1000. It is a spin-off of PepsiCo, after they acquired KFC, Pizza Hut, and Taco Bell. PepsiCo divested the brands in 1997, and these consolidated as Yum!
Yum agreed to buy Little Sheep for $587 million in May 2011 but the deal was delayed for four months by a Chinese Ministry of Commerce antitrust investigation. [3] Little Sheep was delisted from the Hong Kong Exchange in February 2012. [4] In 2016, Yum! Brands spun off their Chinese operations into Yum China, which includes Little Sheep. [5]
Yum China Holdings, the owner of the KFC and Pizza Hut restaurant chains in China, got off to a bumpy start in its Hong Kong trading debut when its stock became the first in a long while to open ...
Yum China Holdings received approval on Friday to move forward with a potential US$2 billion stock offering in Hong Kong, according to people familiar with the matter.A listing by the operator of ...
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After the failure of the test restaurant, [1] Yum! Brands chose the KFC business model (KFC is the most successful Western chain in China) and found greater success. [1] By the first quarter of 2013, there were 30 East Dawning restaurants in China. [3] The restaurants were located in Shanghai, Beijing, Guangzhou and Suzhou. [4] In 2016, Yum!
Hesitation in rolling out stimulus measures, plus profit taking, dampened enthusiasm for such titles.