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Tag: Yum

Retail Asia05/05/2020
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Food

Yum China Profit gain despite Covid-19 virus impact

5min0
Yum China emerged from the first quarter in profit despite the disruptive effects of the Covid-19 pandemic on sales and operations. While revenue was down 24 percent for the operator of KFC, Pizza Hut in Mainland China, and several local restaurant chains, the company reported an operating profit of US$97 million. That was achieved even […]
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Retail Asia10/04/2020
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Food

Yum acquires Chinese casual dining chain Huang Ji Huang

1min0
Restaurant operator Yum China, which operates KFC and Pizza Hut in the territory, has purchased a controlling interest in Chinese-style casual dining franchise Huang Ji Huang. The brand, launched in 2004, has more than 640 restaurants within China and overseas operating primarily under a franchise model, offering simmer pot and localized fast-food cuisines. After settling […]
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Retail Asia25/03/2020
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Food

Yum China reopens most stores, reports recovering footfall

3min0
Yum China says it is witnessing “early signs of recovery” in Mainland China as business gradually resumes and people return to work. However, the company, which operates KFC, Pizza Hut and Little Sheep chains, said in an update to shareholders that restaurant traffic remains “heavily impacted” as people continue to implement social-distancing measures. Store closures […]
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Retail Asia23/03/2020
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Food

Yum! Brands to take over The Habit Burger Grill chain

2min0
Yum! Brands has bought California-based The Habit Burger Grill, adding its first fast-casual burger chain to its portfolio which already includes KFC, Pizza Hut and Taco Bell The company says it has bought all of The Habit Burger Grill’s issued and outstanding common shares in a deal worth US$375 million. “The Habit Burger Grill is […]
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Retail Asia07/02/2020
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Food

Yum China launches contactless delivery services

2min0
Yum China, which operates Chinese KFC and Pizza Hut networks, has launched a contactless food-delivery service. The move is a response to concerns about transmission of coronavirus between customers and delivery staff – but will also give confidence to consumers who are increasingly buying from food-delivery services to avoid public contact in supermarkets, shopping centers, […]
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Retail Asia17/01/2020
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Food

Yum China prepares to list in Hong Kong

2min0
Pizza Hut and KFC restaurant operator Yum China is preparing for a second listing in Hong Kong. The US-listed firm is currently working on proceedings with China International Capital and Goldman Sachs to establish a footing closer to its base territory. The listing could take place as early as this year. Bloomberg revealed that the […]
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Retail Asia10/09/2019
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Food

Yum China buys Chinese retail chain Huang Ji Huang

1min0
Yum China Holdings has entered into a definitive agreement to acquire a controlling interest in Huang Ji Huang group, a leading Chinese-style casual-dining franchise business. Subject to the satisfaction of closing conditions and regulatory approvals, the transaction is expected to close early next year. Founded in 2004 and headquartered in Beijing, Huang Ji Huang has […]
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Retail Asia14/08/2019
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Food

Yum China speeding up expansion plans

3min0
Yum China plans to invest up to US$525 million opening between 800 and 850 new stores in the current financial year. Most of the new stores will be KFC outlets and of its new cafe chain Coffii & Joy. The protections were included in the company’s second-quarter results released overnight, which showed total system sales […]
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Retail Asia14/06/2019
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Food

Yum China eyes Thailand with A Fresh Hotpot Concept

2min0
Yum China looks to expand Asian footprint for hot-pot restaurant brand. Quick-service restaurant firm Yum China Holdings is seeking entry into the Thai hotpot market, reportedly worth THB5 billion (US$156.7 million). The company is seeking a local partner to launch its Little Sheep Mongolian hotpot chain in the territory. “The food and beverage industry 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 Asia07/05/2018
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Finance

Most Yum payments via mobile now

2min0
Mobile payments accounted for 56 per cent of Yum China Holdings first-quarter sales, up from 31 per cent 12 months earlier. Unaudited results for the period show the fast-food giant’s total revenues grew 15 per cent year over year to US$2.2 billion (6 per cent if foreign currency translation excluded). Total system sales grew 6 […]
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Retail Asia12/02/2018
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Food

Yum China Reports A Strong Quarter

4min0
A strong fourth quarter has been recorded by Yum China Holdings, which runs KFC and Pizza Hut restaurants on the mainland. Its unaudited results for the quarter to the end of December show 5 per cent growth in same-store sales, up 7 per cent at KFC and 1 per cent at Pizza Hut. Total system […]
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Retail Asia03/01/2018
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Food

Company Bets China Has an Appetite for Taco Bell

3min0
After a year of consolidation, Yum China Holdings has opened two more Mexican-inspired Taco Bell restaurants in Shanghai. Along with Taco Bell Corp, the company launched the brand in Shanghai’s Lujiazui area a year ago. The two new outlets are in a shopping mall in Wu Jiao Chang and the shopping precinct of Feng Sheng Li. “The […]
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Retail Asia29/11/2017
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Food

More refresh design for Pizza Hut Australia

5min0
Pizza Hut Australia has taken its next big step back into the fore, unveiling a new brand image and concept store in a bid to redefine its position in Australia’s highly competitive pizza market. The new store, launched yesterday in Sydney has been designed as a fresh take on contemporary Australia with ties to the […]
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Retail Asia12/10/2017
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Food

Charoen Sirivadhanabhakdi eyes Malaysian restaurants

2min0
A Thai group controlled by Charoen Sirivadhanabhakdi may buy a substantial stake in the KFC and Pizza Hut restaurant chains in Malaysia. Through his majority controlled Thai Beverage, which brews and markets Chang beer, Charoen is presently taking over the KFC chain in Thailand. QSR Brands owns and runs the KFC and Pizza Hut quick-service […]
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Retail Asia24/05/2017
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Food

Upgrade for Pizza Hut Malaysia’s restaurants

2min0
The operator of Pizza Hut, QSR Brands (M) Holdings Bhd, plans to upgrade its 221 dine-in restaurants over the next two years, as part of its re-branding activity in conjunction with Pizza Hut’s 35th anniversary. QSR Brands chief executive officer Merrill Pereyra said Pizza Hut currently had close to 400 outlets, nationwide. “So far, we […]
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Retail Asia18/05/2017
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Food

Yum China buys Chinese food delivery company

2min0
Yum China is betting that more consumers will continue to order Pizza Hut and KFC food via their smartphones for speedy delivery to their homes and work. Yum China Holdings Inc is buying a controlling interest in online food delivery company Daojia.com.cn for an undisclosed sum. Founded in 2010, Daojia.com.cn is an online food delivery […]
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Retail Asia09/02/2017
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Food

Yum China tramples expectations; profit up 31%

5min
Yum China’s first earnings report as an independent company proves that sometimes breaking up can be a very beautiful thing. In fact, its first report since the October spin-off from Louisville-based Yum Brands not only surpassed estimated sales projections for the company but showed its full-year operating profit was up 31 percent year over year […]
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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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