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Tag: Yum Brands

Retail Asia05/05/2020
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Food

Lavazza launches with a strong partner with with Yum Brands

3min0
Fast-food and QSR-restaurant operator Yum China has partnered with Italian coffee company Lavazza to develop a network of coffee shops across the country. The companies have opened a Lavazza Flagship store in Shanghai, first outside Italy, as the first step in the new partnership. The flagship is located in Jing’an, Shanghai’s historic downtown district, offering […]
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Retail Asia04/02/2019
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Food

Yum China to face challenges this year

4min0
An aggressive store rollout program is helping Yum China achieve sales growth, but its Pizza Hut business continues to struggle. In year-end results released overnight, Yum China said fourth-quarter system sales rose 6 per cent in constant currency, but same-store sales rose by a more modest 2 per cent. The company, which owns the Chinese […]
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Retail Asia30/01/2019
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Food

Taco Bell reveals massive expansion plan in Asia

2min0
US Mexican-themed dining chain Taco Bell says it plans to drive growth by expanding its presence in Asian markets. The brand intends to double its number of overseas restaurants to more than 500 outlets within the next few years. Taco Bell’s previous rollouts in Asian markets have occasionally been unsuccessful. An early franchise operation in […]
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Retail Asia03/01/2019
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Food

Yum! appointed new leader for Pizza Hut Asia Pacific

3min0
Pizza Hut International on Tuesday announced that Unnat Varma, Managing Director, Pizza Hut India Subcontinent has been elevated to the position of Managing Director, Pizza Hut Asia Pacific effective 1 January 2019. In his new role, he will be responsible for steering Pizza Hut to the next phase of growth across the Asia Pacific region. Varma will be based in Pizza Hut APAC headquarters […]
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Retail Asia05/12/2018
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Food

KFC Thailand benefits from transforming franchise model

1min0
Fast-food restaurant chain KFC Thailand is on track to achieve double digit year-end sales growth since transforming itself into a 100-per-cent franchised model, exceeding business expectations.The largest restaurant chain in Thailand is also set to accomplish a record high of 75 new outlet openings this year, 39 per cent above target and pushing the total […]
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Retail Asia30/11/2018
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Food

Taco Bell to open store in Bangkok

1min0
Taco Bell Thailand is scheduled to launch in Bangkok early next year. Thoresen Thai Agencies, which also holds the Thailand franchise for Taco Bell’s sister brand Pizza Hut, is planning to open the restaurant in Mercury Ville mall on the BTS Chidlom stop. The firm has already begun scouting for employees for the outlet. Taco […]
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Retail Asia17/04/2017
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Food

Strong first quarter for Yum China

3min0
Sales, profits and margins all grew, along with store expansion, for Yum China Holdings in its unaudited results for its first quarter to the end of February. Same-store sales grew 1 per cent, including growth of 1 per cent at KFC and 2 per cent at Pizza Hut Casual Dining. Total system sales grew 4 […]
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Retail Asia16/02/2017
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Food

Profits rises for Yum China Holdings

4min0
Yum China’s full-year operating profit of US$640 million was up 31 per cent led by margin expansion and restaurant openings. Its CEO describes it as a “momentous” year for the group, licensee of Yum! Brands in Mainland China. It has exclusive rights on the mainland to KFC, Pizza Hut and Taco Bell, which opened its […]
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Retail Asia11/01/2017
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Food

Taco Bell China launches in Shanghai

5min0
Mexican-inspired restaurant chain Taco Bell has opened its first outlet in China, near Shanghai’s landmark Oriental Pearl Tower in the Lujiazui business district. The restaurant has opened in conjunction with Yum China Holdings, which is the licensee of Yum! Brands in Mainland China. “Leveraging our deep insights into Chinese consumer preferences, developed from close to […]
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Retail Asia29/11/2016
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Food

Yum China seeking delivery deal

2min0
Fast-food giant Yum China Holdings is looking at buying food-delivery services firm Daojia.com. Discussions are at an early stage, but a deal could be worth up to US$200 million, as reported. Established in 2010, Daojia.com focusses on online food orders and delivery services targeting the middle class urbanites in 10 Chinese cities. With a 3000-strong […]
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Retail Asia11/10/2016
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Food

McDonald’s Malaysia, Singapore ‘buyer found’

1min0
Twenty-year franchise rights for McDonald’s Malaysia and Singapore outlets have been conditionally sold to a Saudi Arabian group for up to US$400 million. Reza Food Services, which owns McDonald’s restaurants in Saudi Arabia, is seeking finance from Malaysian bank CIMB to finance the transaction, insiders say. McDonald’s is moving to bring in partners as it […]
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Retail Asia07/10/2016
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Food

Yum China has ‘huge potential’

5min0
Yum China is set to exploit “huge potential” after its spin-off from its US parent, says Neil Saunders, CEO of Conlumino. Commenting on the parent company’s latest results, the US-based retail commentator said  while the China division once again delivered “an anemic performance” with total system sales declining by 3 per cent over the prior […]
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Retail Asia22/09/2016
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Food

McDonald’s Follows Yum Brands, Prepares China Exit

11min
McDonald’s is finalizing a sale of the right to operate its China and Hong Kong restaurants. Prompted by stagnating market share and an increasingly challenging operating environment, the move allows McDonald’s to keep a presence in China without the burden of ownership. The world’s biggest fast-food chain is considering final offers from three leading groups, […]
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Retail Asia19/09/2016
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Food

Yum China board lineup revealed

4min0
Yum China has revealed the likely composition of its board post-spin-off from its US parent, Yum! Brands. The new company to be formed after the sell-off to Primavera Capital Group and a subsidiary of Alibaba Group, will be called Yum China Holdings and is expected to be formally formed on October 31. The nine new […]
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Retail Asia08/09/2016
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Food

Alibaba to take stake in Yum China

4min0
Yum! Brands has agreed with two partners to invest $460 million into Yum China, following its spinoff from the American fast-food giant. Also involved are China-based global private equity firm Primavera Capital Group and online and Alibaba subsidiary, mobile financial services provider Ant Financial Services Group, which runs the Alipay mobile payments platform. The spinoff and […]
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Retail Asia30/06/2016
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Food

Yum! Brands China sale falters

4min0
Following a missed deadline by potential investors, the sale of a minor stake in Yum! Brands China business has been delayed. Yum runs KFC and Pizza Hut outlets in China, while the potential bidders include Singapore state investment company Temasek Holdings and Chinese private equity firm Primavera Capital. One report says the suitors held off […]
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Retail Asia25/06/2016
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Food

Bidding starts for McDonald’s China business

3min0
Beijing Tourism Group, ChemChina and Sanpower are among bidders for McDonald’s China restaurants and the 20-year master franchise covering China and Hong Kong. The deal is said to be worth about US$3 billion, and bids close on Monday. Restrictions on the franchise agreement have discouraged such buyers as private equity firms, but others have entered the […]
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Retail Asia26/04/2016
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Food

KFC owner Yum profits boosted by China sales

4min
Yum Brands, the parent company behind fast-food chains KFC, Pizza Hut and Taco Bell, has reported a surprise 8% rise in first-quarter net operating profit. One-time gains in the quarter from a Chinese New Year chicken bucket promotion helped boost sales in China and bring in profits of $391m (£273m; €346m) in the January to […]
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Retail Asia21/04/2016
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Food

McDonald’s Asia to sell 2800 restaurants

4min0
McDonald’s Asia is preparing to sell some 2800 restaurants across Asia as it introduces a new business model in its fastest growing major market. And Reuters has named frontrunning investors in what looks to be a spin-off business in much the same nature as Yum! Brands is selling off its Chinese KFC, PIzza Hut and […]
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