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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…
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…
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…
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…
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…
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…
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…
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!…
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…
Starbucks announced that it plans to double the number of its stores in China from more than 2,300 to 5,000 by 2021. According to CNN, Starbucks says that it will open more than one new store a day for the next five years. To oversee this task (which…
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…
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…
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…
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…
