Chalk failure up to experience, then move on to your next idea

Chalk failure up to experience, then move on to your next idea

William Zeckendorf, the American property developer who died recently, is not well known in Hong Kong, but he is credited with literally shaping and transforming Manhattan with his buildings.

Wednesday, 26 February, 2014, 5:20am 1 comment

Yum's KFC still feeling fallout from food safety scares in China

KFC's sales in China are recovering more slowly than parent Yum Brands expected. Photo: Reuters

KFC parent Yum Brands warned on Tuesday that it will take longer than expected for its restaurant sales in China to rebound, delaying a recovery in the market that accounts for more than half of the company’s overall operating profit.

9 Oct 2013 - 11:57am

KFC Japan chief buys 'colonel's' suit at Texas auction and tries it on

Masao Watanabe wears the "colonel's" suit. Photo: AP

The president and chief executive of Kentucky Fried Chicken Japan has purchased the trademark white suit worn by company founder "Colonel" Harland Sanders at auction in the US for US$21,510 - and then tried it on.

24 Jun 2013 - 5:44am

KFC sees China sales drop slowing

Yum generates more than half of its overall sales in China, where most of its nearly 5,300 restaurants are KFCs. Photo: Reuters

Yum Brands, owner of KFC and Pizza Hut, said a key sales figure for the mainland dropped 19 per cent last month, as it began to see signs of recovery from the double-whammy of a bird flu scare and an earlier controversy over its chicken supply.

13 Jun 2013 - 3:12am

Yum's Little Sheep: tasty meal or indigestion?

Much has happened since Yum, operator of the KFC and Pizza Hut chains, first announced its plan to purchase Little Sheep a year ago. Photo: SCMP

An interesting new Chinese media report is questioning whether US fast food giant Yum is spoiling the Little Sheep chain of hot pot restaurants it acquired just a year ago.

6 Jun 2013 - 5:16pm

Lip-smacking profits in smuggling KFC to Gazans

A man holds KFC food in an underground tunnel beneath the Gaza-Egypt border in the southern Gaza Strip city of Rafah. Photo: Xinhua

Fast-food starved Gazans can now order home-delivered Kentucky Fried Chicken, thanks to a new smuggling service which brings takeout from Egypt via a network of underground tunnels. It is not exactly "fast", taking several hours to arrive, with the Palestinian delivery firm behind it charging hefty prices to cover the cost of fuel and transport.

17 May 2013 - 4:22am

Bird flu adds to KFC's China woes

KFC on the mainland is hit by consumer fears and failure to change.

Can Colonel Sanders win back Chinese diners? Yum Brand reported that same-store sales on the mainland plunged 29 per cent last month as concerns about the safety of its chicken and the spread of bird flu prompted customers to stay away from its KFC restaurants.

15 May 2013 - 4:01am 1 comment

Yum reels as avian flu eases

A woman, wearing a mask, rides her bicycle past a KFC restaurant in Shanghai. Photo: Reuters

Embattled hoteliers and restaurant operators whose businesses have been hit by China's H7N9 bird flu outbreak are finally getting some relief with Shanghai's formal cancellation of its bird flu emergency after the city went three weeks without any new cases.

13 May 2013 - 11:31am

Mutton scandal gives Yum new China headache

A hostess waits for customers at the entrance of a Little Sheep hotpot restaurant in Beijing. Photo: AFP

Global fast food giant Yum is getting a new round of indigestion in its most profitable market from a new food safety scandal that gets my personal award for "grossest" scandal of the year.

7 May 2013 - 4:24pm

China bird flu threatens KFC parent Yum’s winning streak

The latest bird flu outbreak is being blamed for a 13 per cent fall in sales at Yum’s China restaurants, including a 16 per cent drop at KFC. Photo: EPA

KFC parent Yum Brands warned that a new bird flu outbreak in China badly hit restaurant sales there this month, even as the company also reported a sharper-than-expected slide in March sales in the country caused by the lingering impact of a separate food safety scare.

11 Apr 2013 - 11:32pm

Coke stumbles, KFC bounces back

Chinese officials are accusing Coke of using handheld GPS equipment to illegally gather classified information. Photo: Reuters

Most of recent scandals are related to food safety, but the latest crisis confronting Coke comes on the completely unrelated area of national security. 

13 Mar 2013 - 11:28am

Business Digest, February 26, 2013

KFC promises to step up quality control

KFC launched a campaign to rebuild its battered brand on the mainland after a scandal over misuse of drugs by its poultry suppliers. The fast-food chain promised to tighten quality control and said it had terminated more than 1,000 small producers.

26 Feb 2013 - 5:02am

Talking points

World sees in Year of the Snake

World sees in Year of the Snake

9 Feb 2013 - 2:57am

Big breeder 'sold sick chickens to its clients'

Big breeder 'sold sick chickens to its clients'

Allegations that a major chicken breeder whose customers include KFC, McDonalds and Dicos had illegally supplied sick chickens to some of its clients are being investigated by a Henan provincial government task force.

17 Jan 2013 - 4:11am

Tainted chicken not supplied to Hong Kong, says KFC

Last month on the mainland KFC was supplied with chicken that contained excessive amounts of antibiotics. Photo: AFP

Officials from fast-food chain KFC in Hong Kong have moved to reassure customers they have nothing to worry about despite a recent mainland food scare.

Last month on the mainland KFC was supplied with chicken that contained excessive amounts of antibiotics, a mainland government report said.

13 Jan 2013 - 4:25am