Yum! Brands operates or licenses Taco Bell, KFC, Pizza Hut, and other restaurants. It generates more than half of its overall operating profit in China, where it is the biggest Western restaurant operator with roughly 6,000 mostly KFC restaurants.
A Bad Week for ... , May 12, 2013
Still reeling from accusations about food safety at KFC restaurants on the mainland, the US fast food conglomerate found another of its brands embroiled in controversy - Little Sheep, the Mongolian hotpot chain it bought in 2011. Branches of Little Sheep in Shanghai were found to have bought food from a supplier accused of labelling rat, fox, mink, duck and pork as mutton. The company has distanced itself from the franchisee which bought the tainted meat.
The governor of Jakarta could not have been happier when he received a bass guitar from a member of his favourite rock band. Little did he suspect that the instrument, given to him by Metallica's Robert Trujillo, would land him in a political controversy. Widodo, considered a clean politician in Indonesia, was forced to hand the guitar over to the election watchdog, which will have to rule if there was an "exchange of favours" with the US heavy metal favourites.
While most grandfathers would be proud to see their granddaughter named on China's rich list, the late Communist Party leader might just be turning in his grave. With a net worth of some 5 billion yuan (HK$6.25 billion) from their insurance business, Kong Dongmei and her husband seem to be taking to heart the words of another state leader, Deng Xiaoping, who supposedly said: "To get rich is glorious!"