https://www.scmp.com/rss/518203/feed Yum China is a fast-food company that operates the KFC, Pizza Hut and Taco Bell restaurant chains in mainland China. It also owns other brands including Little Sheep and Huang Ji Huang, which specialise in hotpot and casual dining, respectively. The company operates more than 14,000 restaurants in around 2,000 cities and towns across China. Yum China was spun off from US fast food giant Yum Brands in 2016. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Daniel Ren Daniel Ren For Yum China CEO Joey Wat, success in the mainland’s vast but fierce market does not hinge only on being a local or international fast-food brand. “I personally have huge respect for many local brands,” she said in November. “Chinese players are innovating a lot under the leadership of their founders. We fully understand that this is a cutthroat market.” Wat admitted to being a fan of some mainland restaurant chains whose founders remained pivotal in strategic planning and daily operations.... https://www.scmp.com/business/china-business/article/3341811/chinese-consumers-rapidly-changing-demands-keep-kfc-owner-its-toes?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341811/chinese-consumers-rapidly-changing-demands-keep-kfc-owner-its-toes?utm_source=rss_feed Sat, 07 Feb 2026 03:00:10 +0000 Associated Press Associated Press Pizza Hut plans to close 250 US restaurants in the first half of this year as its parent company considers a sale of the chain. Yum! Brands said on Wednesday it is targeting underperforming Pizza Hut restaurants in its system. Pizza Hut has more than 6,000 locations in the US. The Louisville, Kentucky-based company said in November it was conducting a formal review of options for Pizza Hut, which has struggled with outdated restaurants and growing competition. The chain’s US same-store sales, or... https://www.scmp.com/business/companies/article/3342571/pizza-hut-close-250-us-restaurants-parent-company-considers-selling-brand?utm_source=rss_feed https://www.scmp.com/business/companies/article/3342571/pizza-hut-close-250-us-restaurants-parent-company-considers-selling-brand?utm_source=rss_feed Thu, 05 Feb 2026 20:53:58 +0000 Daniel Ren Daniel Ren Yum China Holdings, operator of the KFC and Pizza Hut chains across mainland China and Hong Kong, plans to rev up store expansion this year after its fourth-quarter earnings beat analysts’ estimates. The fast-food behemoth aimed to add 1,900 new outlets in 2026, bringing the total to 20,000, after it opened 1,706 new stores in 2025, said Adrian Ding, chief financial officer. The company was inviting more investors to open franchise stores, which would account for 40 to 50 per cent of new outlets... https://www.scmp.com/business/china-business/article/3342465/kfc-pizza-hut-operator-yum-china-accelerates-expansion-amid-early-signs-spending-thaw?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342465/kfc-pizza-hut-operator-yum-china-accelerates-expansion-amid-early-signs-spending-thaw?utm_source=rss_feed Thu, 05 Feb 2026 05:30:37 +0000 Daniel Ren Daniel Ren Yum China Holdings, operator of KFC and Pizza Hut restaurant chains across mainland China and Hong Kong, plans to ramp up expansion into more lower-tier cities based on its flexible store formats, expecting this push to generate higher returns for the company over the next five years. At the company’s Investor Day conference in Shenzhen on Monday, CEO Joey Wat said Yum China’s total number of outlets would increase to 30,000 by 2030, 76 per cent more than the firm’s estimated 17,000 outlets by... https://www.scmp.com/business/china-business/article/3333117/kfc-pizza-hut-operator-yum-china-pushes-rapid-expansion-lower-tier-mainland-cities?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333117/kfc-pizza-hut-operator-yum-china-pushes-rapid-expansion-lower-tier-mainland-cities?utm_source=rss_feed Mon, 17 Nov 2025 10:30:09 +0000 Yulu Ao Yulu Ao The world’s largest hedge fund, Bridgewater Associates, sold all of its holdings in US-listed Chinese companies in the second quarter, marking a decisive retreat from the market as geopolitical tensions and shifting investor sentiment clouded the outlook for the world’s second-largest economy. The fund exited positions in 16 Chinese stocks, which were worth US$1.41 billion in total, according to its 13F filing with the US Securities and Exchange Commission on Wednesday. This included e-commerce... https://www.scmp.com/business/china-business/article/3321860/bridgewater-dumps-all-china-stocks-hedge-fund-retreats-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3321860/bridgewater-dumps-all-china-stocks-hedge-fund-retreats-market?utm_source=rss_feed Thu, 14 Aug 2025 08:44:22 +0000 Daniel Ren Daniel Ren Yum China Holdings, operator of the KFC and Pizza Hut restaurant brands on the mainland, has raised its target for opening new coffee shops as a cafe culture has spurred consumer spending. The company was expected to operate 1,700 KCoffee cafes across the country by the end of 2025, up from the previous target of 1,500 outlets, according to CEO Joey Wat. “KCoffee Cafes have been effective in driving incremental traffic, sales and profit,” she said at a briefing on Tuesday evening, according to a... https://www.scmp.com/business/china-business/article/3320996/yum-china-raises-target-opening-mainland-coffee-shops-cafe-culture-takes-hold?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320996/yum-china-raises-target-opening-mainland-coffee-shops-cafe-culture-takes-hold?utm_source=rss_feed Wed, 06 Aug 2025 23:30:07 +0000 Daniel Ren Daniel Ren Yum China Holdings, the operator of KFC and Pizza Hut restaurants in mainland China, will further embrace artificial intelligence (AI) to improve operating efficiency and profitability and allow its store managers to focus on customer service. The firm, which introduced its Q-Smart AI-powered assistant in June, was expected to help reduce waste, improve quality and save labour costs, chief technology officer (CTO) Leila Zhang said in an interview. The AI-powered system could help with staff... https://www.scmp.com/business/china-business/article/3317135/kfc-pizza-hut-operator-yum-china-embraces-ai-boost-efficiency-profitability?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3317135/kfc-pizza-hut-operator-yum-china-embraces-ai-boost-efficiency-profitability?utm_source=rss_feed Sun, 06 Jul 2025 07:33:22 +0000 Wency Chen Wency Chen Yum China, the company behind chains such as KFC and Pizza Hut, introduced an artificial intelligence (AI) agent for store managers on Friday, aligning with the restaurant industry’s broader push towards AI adoption to enhance efficiency. The assistant, named Q-Smart, was an AI-powered management system that enabled natural language interactions with store managers through wireless earphones and smartwatches, the nation’s largest restaurant operator announced at an inaugural AI Day event at its... https://www.scmp.com/tech/tech-trends/article/3315379/yum-china-rolls-out-ai-agent-help-not-replace-store-managers?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3315379/yum-china-rolls-out-ai-agent-help-not-replace-store-managers?utm_source=rss_feed Sun, 22 Jun 2025 07:06:13 +0000 Yuke Xie Yuke Xie Slowing consumption in China and fierce competition from domestic rivals have weighed on the performance of many international consumer brands. And yet a select few, including Lululemon, Adidas, and Ralph Lauren, have managed to outperform their peers and post strong revenue growth in recent months. A key factor driving their success may be a growing polarisation of consumer preferences. Budget-conscious shoppers are seeking greater value for their money, while higher-income consumers continue... https://www.scmp.com/business/companies/article/3279323/how-5-international-brands-are-charting-growth-china-despite-miserly-consumers?utm_source=rss_feed https://www.scmp.com/business/companies/article/3279323/how-5-international-brands-are-charting-growth-china-despite-miserly-consumers?utm_source=rss_feed Sun, 22 Sep 2024 03:30:13 +0000 Yuke Xie Yuke Xie Each morning around 10am, Tommy Zhang, a medical researcher in Shenzhen, steps off the subway and heads for his office in the city’s bustling college town. As he crosses the overpass, he always sees a food stall where long lines of customers wait for the 15-yuan (US$2.10) breakfast takeaways. That stall, with its distinctive red logo, belongs to KFC, a fast-food restaurant chain operated by franchise holder Yum China Holdings. It offers several pre-packed food combos for quick pickup. Zhang... https://www.scmp.com/business/companies/article/3276694/kfc-mcdonalds-haidilao-push-small-store-format-beat-chinas-consumption-downgrade?utm_source=rss_feed https://www.scmp.com/business/companies/article/3276694/kfc-mcdonalds-haidilao-push-small-store-format-beat-chinas-consumption-downgrade?utm_source=rss_feed Sun, 01 Sep 2024 01:00:12 +0000 Yum China Holdings, which owns the KFC and Pizza Hut restaurant chains in mainland China, plans to open more stores in “untapped” parts of the country where it hopes its low-price strategy will appeal to vast numbers of less affluent customers. The fast-food behemoth said 30 per cent of its 1,500 to 1,700 new outlets to be established this year would be located in lower-tier cities or strategic places such as transport hubs or tourist destinations. “Operating under a near-term challenging... https://www.scmp.com/business/china-business/article/3260956/kfc-pizza-hut-owner-yum-china-plans-stores-countrys-untapped-smaller-cities-consumers-tighten-their?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3260956/kfc-pizza-hut-owner-yum-china-plans-stores-countrys-untapped-smaller-cities-consumers-tighten-their?utm_source=rss_feed Tue, 30 Apr 2024 11:30:19 +0000 A slump in the shares of Yum China Holdings and Haidilao International over the past year has left two of China’s biggest restaurant chain operators trading at half their fair market values, making them top sector picks by some industry analysts. Yum China’s chain of KFC and Pizza Hut fast-food outlets and hotpot purveyor Haidilao are likely to gain market share on consumption rebound in mainland China, while also enhancing their appeal as a shield to rising geopolitical risks, according to Ivan... https://www.scmp.com/business/china-business/article/3250743/chinese-restaurant-stocks-are-underpriced-morningstar-essence-see-yum-china-haidilao-doubling-value?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3250743/chinese-restaurant-stocks-are-underpriced-morningstar-essence-see-yum-china-haidilao-doubling-value?utm_source=rss_feed Sun, 04 Feb 2024 23:30:12 +0000 The seemingly relentless decline in prices of Chinese goods amid tepid consumer demand is denting expectations that corporate earnings can revive the flagging stock market. From electric vehicles (EVs) to fast food, companies are engaging in a battle of promotions aimed at luring customers who are spooked by dim job prospects and have seen a persistent property slump hurt wealth creation. Consumer prices fell for a third-straight month in December, the longest streak since 2009, deepening... https://www.scmp.com/business/china-business/article/3248377/china-price-wars-help-spark-us157-billion-rout-mainland-consumer-stocks-firms-including-alibaba-yum?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3248377/china-price-wars-help-spark-us157-billion-rout-mainland-consumer-stocks-firms-including-alibaba-yum?utm_source=rss_feed Sun, 14 Jan 2024 08:17:37 +0000 Yum China Holdings, which owns the KFC and Pizza Hut restaurant chains in mainland China, is melding more local specialities into its dishes to cater to budget-conscious consumers as it moves to capitalise on China’s economic recovery after the end of Covid-19 restrictions. The fast-food behemoth, which is spending up to US$900 million to expand by up to 1,300 stores across mainland China this year, is adjusting to changing tastes in a fragmented and cutthroat market where consumer habits have... https://www.scmp.com/business/china-business/article/3212479/kfc-and-pizza-hut-operator-yum-china-ups-ante-chinese-cuisine-capture-budget-conscious-post-covid-19?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3212479/kfc-and-pizza-hut-operator-yum-china-ups-ante-chinese-cuisine-capture-budget-conscious-post-covid-19?utm_source=rss_feed Mon, 06 Mar 2023 04:31:19 +0000 Bridgewater Associates, the world’s biggest hedge fund, trimmed most of its Chinese stock holdings to take profit last quarter, after optimism around China’s reopening fuelled a handsome rally. It also relinquished stakes in technology giants and major chip makers amid a US technology export ban on Chinese firms. The fund recorded a 15 per cent drop to US$1 billion in the value of its equity stakes in 44 US-listed Chinese companies, in its latest 13F regulatory filing for the December quarter.... https://www.scmp.com/business/china-business/article/3210287/china-bull-ray-dalios-bridgewater-dialled-down-holdings-chinese-stocks-such-li-auto-baidu-iqiyi-and?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3210287/china-bull-ray-dalios-bridgewater-dialled-down-holdings-chinese-stocks-such-li-auto-baidu-iqiyi-and?utm_source=rss_feed Wed, 15 Feb 2023 09:15:28 +0000 Yum China Holdings, which owns the KFC and Pizza Hut restaurant chains in mainland China, will open another 1,100 to 1,300 stores this year. The firm is betting on China’s reopening and hopes “the worst is over”, Andy Yeung, Yum China’s chief financial officer, said during a results briefing late on Wednesday. “We are full of hope and will keep cautiously optimistic,” he said. “While we have seen some recovery, there are still uncertainties ahead and consumers tend to be careful with their... https://www.scmp.com/business/china-business/article/3209531/kfc-pizza-hut-operator-yum-china-open-1300-stores-worst-over-posts-earnings-decline-2022?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3209531/kfc-pizza-hut-operator-yum-china-open-1300-stores-worst-over-posts-earnings-decline-2022?utm_source=rss_feed Wed, 08 Feb 2023 11:36:33 +0000 Yum China Holdings, the owner of the KFC and Pizza Hut restaurant chains in China, took a beating from the mainland’s stringent Covid-19 curbs as its net profit dropped by more than half from a year earlier. The fast-food giant said on Friday that its earnings in the three months ended June 30 came to US$83 million, down 54 per cent from the same period last year. Its performance still beat the company’s forecast in May when it warned investors of a potential net loss amid a flare-up in the... https://www.scmp.com/business/china-business/article/3187092/kfc-pizza-hut-operator-yum-china-reports-54-cent-profit?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3187092/kfc-pizza-hut-operator-yum-china-reports-54-cent-profit?utm_source=rss_feed Fri, 29 Jul 2022 11:55:34 +0000 Yum China Holdings, the owner of the KFC and Pizza Hut restaurant chains in China, has decided to shut down its struggling fast-food brand, East Dawning, after it failed to survive the Covid-19 pandemic. The company said in its annual report that the remaining five outlets of the Chinese-style quick-service restaurant (QSR) brand would cease to operate within 2022. “The brand was severely impacted by the Covid-19 pandemic,” the report said. “As a result, we have decided to wind down operations... https://www.scmp.com/business/china-business/article/3169547/kfc-pizza-hut-operator-yum-china-calls-time-its-struggling?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3169547/kfc-pizza-hut-operator-yum-china-calls-time-its-struggling?utm_source=rss_feed Mon, 07 Mar 2022 10:00:21 +0000 Yum China Holdings, one of China’s largest restaurant operators, is aiming to cut its use of environmentally harmful plastics by almost a third in the next five years by shifting to paper straws and biodegradable packaging. It intends to phase out non-degradable plastic bags and cutlery at all its KFC restaurants in mainland China by the end of 2025, and eliminate non-degradable bags from its Pizza Hut chain by the end of 2022. The overall aim is to achieve a 30 per cent reduction in... https://www.scmp.com/business/companies/article/3116538/yum-china-operator-kfc-and-pizza-hut-vows-cut-harmful-plastic?utm_source=rss_feed https://www.scmp.com/business/companies/article/3116538/yum-china-operator-kfc-and-pizza-hut-vows-cut-harmful-plastic?utm_source=rss_feed Tue, 05 Jan 2021 12:40:17 +0000 Leading Yum China, China’s largest restaurant company with over 10,000 restaurants, Joey Wat is known as one of only 37 female CEOs listed on the Fortune 500 with an estimated net worth of US$15.2 million. Despite having the weakest stock debut this year among billion-dollar listings in Hong Kong, Wat has plans to open at least 800 stores by the end of 2020. Meet Ji Kaiting, millennial Chinese billionaire who loves fast cars Wat did not come from an affluent family. They moved from Fuzhou to... https://www.scmp.com/magazines/style/news-trends/article/3104112/savers-kfc-china-millionaire-yum-china-ceo-joey-wat?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3104112/savers-kfc-china-millionaire-yum-china-ceo-joey-wat?utm_source=rss_feed Mon, 05 Oct 2020 00:00:27 +0000 Yum China, the country’s largest restaurants operator, said on Monday it expected its delivery business to continue expanding rapidly even after the coronavirus pandemic recedes. The outbreak has accelerated the adoption of food deliveries and takeaway, according to the company, which runs about 10,000 restaurants under brands such as KFC and Pizza Hut on the mainland. Delivery orders accounted for 32 per cent of its sales by the end of June, rising from 21 per cent at the end of last year. This... https://www.scmp.com/business/china-business/article/3102405/kfc-and-pizza-hut-operator-yum-china-sees-delivery-business?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3102405/kfc-and-pizza-hut-operator-yum-china-sees-delivery-business?utm_source=rss_feed Mon, 21 Sep 2020 11:00:19 +0000 Yum China Holdings, the owner of the KFC and Pizza Hut restaurant chains in China, got off to a bumpy start in its Hong Kong trading debut when its stock became the first in a long while to open at a loss. Shares of the Shanghai-based company began trading at HK$410, a slight discount to the HK$412 that they were offered at in their HK$17.27 billion (US$2.23 billion) secondary listing on the Hong Kong stock exchange. The stock fell by as much as 6.3 per cent to an intraday low of HK$386.20 in... https://www.scmp.com/business/companies/article/3100949/yum-china-flops-hong-kong-debut-amid-lingering-questions-about?utm_source=rss_feed https://www.scmp.com/business/companies/article/3100949/yum-china-flops-hong-kong-debut-amid-lingering-questions-about?utm_source=rss_feed Thu, 10 Sep 2020 04:00:18 +0000 Yum China Holdings is set to raise at least HK$17.3 billion (US$2.2 billion) in its secondary offering in Hong Kong pricing its new shares at HK$412, the company said on Friday. The operator of KFC, Pizza Hut and Taco Bell in the mainland previously said it planned to sell 41.9 million shares. The transaction would represent a sharp 4.9 per cent discount to its closing price of US$55.92 in New York on Thursday. By comparison, NetEase priced its secondary listing in Hong Kong in June at a tight... https://www.scmp.com/business/banking-finance/article/3100204/kfc-operator-yum-china-expected-raise-us22-billion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3100204/kfc-operator-yum-china-expected-raise-us22-billion?utm_source=rss_feed Fri, 04 Sep 2020 04:06:58 +0000 Yum China Holdings received approval on Friday to move forward with a potential US$2 billion stock offering in Hong Kong, according to people familiar with the matter. A listing by the operator of KFC, Pizza Hut and Taco Bell in mainland China would mark the latest “homecoming” of a US-listed Chinese firm as more companies pursue secondary listings in the city against the backdrop of rising tensions between Washington and Beijing. The company is considering a listing as soon as September,... https://www.scmp.com/business/banking-finance/article/3099290/pizza-hut-kfc-operator-yum-china-gets-green-light-pursue?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3099290/pizza-hut-kfc-operator-yum-china-gets-green-light-pursue?utm_source=rss_feed Fri, 28 Aug 2020 09:35:50 +0000 Yum China Holdings is moving ahead with its plans for a potential US$2 billion stock offering in Hong Kong, as the operator of KFC, Pizza Hut and Taco Bell in the mainland seeks to become the latest US-listed Chinese firm to pursue a secondary listing in the city, according to people familiar with the matter. Yum China has been working with investment banks Goldman Sachs and China International Capital Corporation on its Hong Kong listing plans since the beginning of the year, but it is adding... https://www.scmp.com/business/companies/article/3089550/yum-china-pushes-ahead-hong-kong-secondary-listing-sources-say?utm_source=rss_feed https://www.scmp.com/business/companies/article/3089550/yum-china-pushes-ahead-hong-kong-secondary-listing-sources-say?utm_source=rss_feed Thu, 18 Jun 2020 06:00:16 +0000 Yum China Holdings said on Monday it will introduce Beyond Meat’s plant-based burgers at its fast-food restaurants in mainland China starting June 3. Beyond Burgers will be introduced as a limited-time offering at select KFC, Pizza Hut and Taco Bell locations in mainland China, Yum China said in a statement. The launch is an important step for Beyond Meat which is looking to tap the Chinese market. The company in April partnered with Starbucks, marking an important step to expand into Asia,... https://www.scmp.com/tech/innovation/article/3087076/yum-china-bring-beyond-meats-plant-based-burgers-chinese-branches?utm_source=rss_feed https://www.scmp.com/tech/innovation/article/3087076/yum-china-bring-beyond-meats-plant-based-burgers-chinese-branches?utm_source=rss_feed Tue, 02 Jun 2020 01:42:16 +0000 Yum China Holdings, the Shanghai-based operator of Pizza Hut, KFC and Taco Bell restaurants in mainland China, has been forced to temporarily close about a third of its restaurants because of the coronavirus outbreak, it said overnight in a press release. The company, which owns 9,200 stores in more than 1,300 cities in China, said its 2020 sales and profit would be hit by the outbreak, which has forced retailers ranging from Starbucks and McDonald’s to Nike and Adidas to shut stores, as part of... https://www.scmp.com/business/companies/article/3049341/kfc-pizza-hut-operator-yum-china-says-coronavirus-has-forced-it?utm_source=rss_feed https://www.scmp.com/business/companies/article/3049341/kfc-pizza-hut-operator-yum-china-says-coronavirus-has-forced-it?utm_source=rss_feed Thu, 06 Feb 2020 09:00:22 +0000 Yum China Holdings Inc is working with China International Capital Corp. and Goldman Sachs Inc. on the preparations of a second listing in Hong Kong, fuelling the wave of US-listed Chinese companies returning to a market that is closer to home. The operator of Pizza Hut and KFC restaurants in China is working with the banks on the share sale, according to people familiar with the matter. The listing could take place as soon as this year, said the people, who asked not to be identified as the... https://www.scmp.com/business/article/3046074/yum-china-operator-kfc-and-pizza-hut-working-cicc-goldman-hong-kong?utm_source=rss_feed https://www.scmp.com/business/article/3046074/yum-china-operator-kfc-and-pizza-hut-working-cicc-goldman-hong-kong?utm_source=rss_feed Tue, 14 Jan 2020 11:51:18 +0000 Yum China, the company behind China’s dominant fast food brand KFC, has been significantly hit by a steep rise in poultry prices, in a knock-on effect from African swine fever, according to its non-executive chairman. “Poultry price has gone up because of African swine fever and the substitution away from pork to chicken. So the cost has gone up,” said Fred Hu, founder of Beijing-based global investment firm Primavera Capital Group, and non-executive chairman of Yum China. The impact on the... https://www.scmp.com/business/companies/article/3038858/yum-china-kfc-hit-rising-poultry-prices-china-amid-african-swine?utm_source=rss_feed https://www.scmp.com/business/companies/article/3038858/yum-china-kfc-hit-rising-poultry-prices-china-amid-african-swine?utm_source=rss_feed Fri, 22 Nov 2019 03:08:01 +0000 Yum China Holdings, the operator of KFC and Pizza Hut restaurant chains across the country, is buying a controlling stake in food delivery service provider Daojia, as it looks to boost sales by better serving customers who chose to eat at home. No figures were released by either side, but the transaction is expected to close this May, said Yum. Reuters reported in November, citing sources, that Yum China was in talk to buy Daojia for up to US$200 million. Daojia (到家), which also operates Sherpas... https://www.scmp.com/business/china-business/article/2094483/yum-china-buying-controlling-stake-home-delivery-service?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2094483/yum-china-buying-controlling-stake-home-delivery-service?utm_source=rss_feed Tue, 16 May 2017 04:05:12 +0000 So Yum China is being spun-off. A reasonable move that should give them increased focus. But what happens after the spin-off is much more important. And I have three questions about that. #1 - Who is the new Sam Su? Yum’s success in China was not because of its franchise. There are hundreds of franchises. It was overwhelmingly because they got to China early and had great management. That great management was former China CEO Sam Su (and his team). He is a native of Taiwan and was a veteran of... https://www.scmp.com/comment/blogs/article/1870327/3-big-questions-new-yum-china-spin-kfc-pizza-hut?utm_source=rss_feed https://www.scmp.com/comment/blogs/article/1870327/3-big-questions-new-yum-china-spin-kfc-pizza-hut?utm_source=rss_feed Wed, 21 Oct 2015 00:48:33 +0000 KFC parent Yum Brands has reported a smaller than expected decline in June sales at established restaurants in China, showing signs of recovery after sales were drastically hit by a food safety scare and a bird flu outbreak. The company posted an estimated 10 per cent drop in June sales - a smaller decline than in May when sales began to moderate. June results from China, the company’s most important business unit, will be recorded in the current third quarter. The June sales decline was less... https://www.scmp.com/business/companies/article/1280197/yum-china-sales-recovering-food-safety-bird-flu-concerns?utm_source=rss_feed https://www.scmp.com/business/companies/article/1280197/yum-china-sales-recovering-food-safety-bird-flu-concerns?utm_source=rss_feed Thu, 11 Jul 2013 04:33:54 +0000