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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…
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…
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…
American-style dining has again crossed the Pacific, with the latest offering, Umami Burger Japan, having a distinct local slant. While conceived in the US, the fast-food chain takes its names from the Japanese concept of umami, one of the basic tastes as…
PH Capital, a subsidiary of Thoresen Thai Agencies (TTA), has signed an agreement to acquire the Pizza Hut business in Thailand from Yum Restaurants International (Thailand) for an undisclosed amount. PH Capital is a 70:30 JV firm established by TTA and PM…
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…
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!…
US fast-food restaurant company International Dairy Queen (IDQ) has signed a multi-unit development agreement to expand into Korea. It plans to open 50 DQ Grill & Chill locations within the next five years in conjunction with privately held M2G USA…
A $6.2 million US military minimall has been officially opened for troops relocating to an expandedCamp Humphreys in South Korea. The Army and Air Force Exchange Service (AAFES) centre includes fast-food restaurants, a barber shop and a retail store, across…
Yum China, being spun off at the end of this month by Yum Brands Inc, says it can triple its number of restaurants. Yum Brands opened its foray into China with a KFC restaurant in Beijing in 1987. There are now more than 7300 KFC and Pizza Hut outlets. “I…
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…
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…
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…
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…
Mexican-inspired fast food is about to tickle Asian palettes, with the first Taco Bell China restaurant scheduled to open this year. Yum Brands! CEO Greg Creed, speaking at a consumer and retail conference in New York, says the first taco Bell China outlet…
Yum! China has showed progress with a system wide sales increase of 3 per cent in the latest quarter – or 7 per cent on a constant currency basis. Same restaurant sales are now in positive growth, although by a fairly meagre 2 per cent given the 16 per cent…
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