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Retail Asia26/02/2024

Yum Restaurants India is reported to have sold its 4.4 per cent share in Devyani International for US$105 million. Devyani International, from which Yum Restaurant acquired the stake in 2021, is the main franchisee of Yum Brands in China, operating KFC, Pizza Hut and Taco Bell. SBI Mutual Fund (MF), Axis MF, Franklin Templeton MF, Nippon […]

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Retail Asia02/11/2023

Yum China, which operates the KFC and Pizza Hut chains in China, logged a 9 per cent year-on-year increase in revenues to US$2.91 billion for the third quarter ended September 30. The company’s system sales were up 15 per cent, with both KFC and Pizza Hut reporting increases of 15 per cent and 13 per […]

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Retail Asia16/08/2022

YUM China Holdings said on Monday (Aug 15) it has applied for a primary listing in Hong Kong, as the company looks to circumvent a risk of delisting from the New York Stock Exchange amid tight regulatory scrutiny on Chinese companies. The move comes on the heels of an audit dispute between China and the […]

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Retail Asia11/07/2022

Looking outside her Beijing coffee shop where seven other nearby cafes including a Starbucks compete for customers, Huang Ying is simply glad to still be in business. In the 17 years since opening her cafe in the trendy 798 Art Zone district, making money has gotten harder – even before the coronavirus. Rent and labour […]

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Retail Asia05/05/2022

The owner of KFC and Pizza Hut said sales plunged by 20% in the first two weeks of March as a surge of new Covid cases spread across China. Yum China said “the situation has rapidly deteriorated” as regional lockdowns have been put in place to stem the outbreak. More than 1,100 of its stores […]

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Retail Asia20/04/2022

Yum China has appointed Johnson Huang as its first chief customer officer and Warton Wang, who is currently the chief development officer, as GM of KFC. Both roles are effective on May 1. Yum China says creating the chief customer officer position is one of the company’s strategies to “integrate customer-centricity into its brand-driven culture”. […]

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Retail Asia15/03/2022

Yum China Holdings Inc said on Monday a COVID-19 resurgence in the country in recent weeks had dented sales in the first quarter, setting back the revival its KFC, Pizza Hut and Taco Bell joints had last year. Same-store sales decreased around 20% from a year earlier for the first two weeks of March and […]

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Retail Asia08/03/2022

Yum China Holdings, the owner of the KFC and Pizza Hut restaurant chains in China, has decided to shut down its struggling fast-food brand, East Dawning, after it failed to survive the Covid-19 pandemic. The company said in its annual report that the remaining five outlets of the Chinese-style quick-service restaurant (QSR) brand would cease to […]

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Retail Asia10/02/2022

“We are pleased to report the third consecutive quarter of delivering positive same-store sales growth. With revenues exceeding $2 billion in the quarter, restaurant margin, operating profit and net income have all improved. We opened 129 new restaurants in the third quarter and we are on track to achieve our development target of 550-600 new stores in […]

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Retail Asia21/10/2021

Yum China Holdings announced the opening of its Digital R&D Center with three sites in Shanghai, Nanjing, and Xi’an. The inauguration of the Digital R&D Center represents an important milestone for the Company’s strategy to build a dynamic digital ecosystem comprised of 1) the Digital R&D Center, 2) joint venturing, and 3) third party collaboration, to provide a solid […]

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Retail Asia24/09/2021

Italian coffee chain Lavazza is set to increase its store network in China to 1000 by 2025 through scaling up its existing joint venture with fast-food operator Yum China. The joint venture –in which Yum will be Lavazza’s exclusive distributor in Mainland China, will also receive an initial US$200 million funding from both companies for […]

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Retail Asia14/09/2021

Yum China is now offering more fruit and vegetable options in over 6000 food chains nationwide, encouraging consumers to add at least 100g of fruit and veggies to their meals. This latest effort is part of the company’s “Fruit and Vegetables 100+” program, designed to support recommendations from the National Health Commission in China that […]

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Retail Asia27/05/2021

Fast food corporation Yum! Brands, the US parent of KFC, Pizza Hut, and Taco Bell, has purchased Australian tech startup Dragontail for US$93.5 million. Yum! Brands’ acquisition of Dragontail will take the startup’s emerging technologies in-house in addition to its kitchen order management and delivery software. According to CFO Chris Turner, the move would allow […]

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Retail Asia28/04/2021

Without the negative impact of the COVID-19 pandemic to hold it back at this year’s beginning, Yum China Holdings reported improved results for the first quarter of 2021. The Shanghai-based fast-casual company — a spinoff from Yum! Brands that hold franchises for Pizza Hut, Taco Bell, and KFC, along with a number of regional brands — beat analyst […]

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Retail Asia30/10/2020

Yum China has reported a flat third quarter to September, with sales up 1 percent year on year to US$2.35 billion. The company said operations improved during the period, but sales were still impacted by reduced traffic at transportation and tourist locations, a delayed and shortened school-holiday season, and other lingering effects of the Covid-19 […]

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Retail Asia02/09/2020

Yum China Holdings, the parent of the Pizza Hut, KFC and other restaurant chains in Mainland China, has confirmed it will list on the Hong Kong stock exchange, raising up to US$2.5 billion. The company’s stock will continue to be listed on the New York Stock Exchange, with Hong Kong a secondary listing. In a […]

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Retail Asia24/08/2020

Yum China has launched Beijing’s first Taco Bell store, in the Liangmaqiao district. The Taco Bell Beijing store offers the brand’s nachos and tacos along with exclusive local selections for Chinese customers such as a rice bowl, seasoned bone chicken and taco pizza. “The Beijing store reflects Taco Bell’s reputation as a culture-centric, lifestyle brand […]

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Retail Asia11/08/2020

Yum China – the operator of KFC, Pizza Hut, Taco Bell, and local restaurant chains – is reportedly preparing to list on the Hong Kong stock exchange as early as next month. The IPO, should it proceed, is likely to raise as much as US$2 billion, according to Bloomberg, which cited inside sources who asked not […]

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Retail Asia31/07/2020

Not even a deadly pandemic is slowing Yum China’s rapid expansion program, with the company on track to open 850 stores this year. Yum China this month marked its 10,000-store milestone, opening a KFC in Bo’ao, Hainan province, and CEO Joey Wat says Covid-19 won’t impact this year’s store rollout plan. “With our innovation capabilities, […]

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Retail Asia03/06/2020

Yum China has entered into a partnership with plant-based meat manufacturer Beyond Meat to trial a burger at selected KFC, Pizza Hut, and Taco Bell locations within the country. The agreement marks the introduction of Beyond Meat’s Beyond Burger in Mainland China. “We see great potential for the plant-based meat market in China,” said Yum […]

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