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.
Greg Creed, who has led the Taco Bell chain since early 2011, will replace David Novak as Yum's chief executive on January 1 next year, the company said on Thursday.Saturday, 3 May, 2014, 4:00am
KFC parent Yum Brands warned that it would 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.10 Oct 2013 - 4:01am
Still reeling from accusations about food safety at KFC restaurants on the mainland, Yum! Brands found another of its brands embroiled in controversy - Little Sheep, the Mongolian hotpot chain it bought in 2011.12 May 2013 - 4:00am
Fast-food chain giant Yum Brands put its mainland expansion plan into high gear after setting a new goal to add 700 restaurants this year in the world's second-largest economy.21 Jul 2012 - 12:00am
Fast-food chain giant Yum Brands will add at least 600 more outlets across the mainland this year on the back of continued strong sales growth in the world's second-largest economy.9 Feb 2012 - 12:00am
Yum! Brands, the world's biggest operator of fast food restaurants, will complete its takeover and privatisation of Little Sheep Group next week after getting the go-ahead to withdraw the Chinese hotpot chain's shares from Hong Kong's main board.27 Jan 2012 - 12:00am
Hotpot chain Little Sheep jumped more than 15 per cent to an all-time high yesterday after the Chinese government gave the green light to a buyout bid by Yum! Brands.
'The government approval came much earlier than the market had expected, sharply pushing up the share price,' said Olive Xia, food and beverage analyst of Core Pacific-Yamaichi Securities.9 Nov 2011 - 12:00am
Yum! Brands, the operator of KFC, Pizza Hut and Taco Bell restaurants, has stepped up efforts to reach a wider mainland audience by buying hotpot chain Little Sheep Group.14 May 2011 - 12:00am
The Education of an Accidental CEO: Lessons Learned from the Trailer Park to the Corner Office
by David Novak26 Jan 2008 - 12:00am