Off the wire
• Chinese Youth Games may be hit by typhoon Koppu  • Smog forecast for north China  • Myanmar, Czech Republic sign agreement on trade, economic cooperation  • Zimbabwe proposes law limiting shareholding in banks  • Urgent: UN chief to travel to Palestine, Israel to defuse current tensions -- spokesman  • OECD calls for more carbon emissions-cutting efforts  • Alarm raised in Djibouti over impending "El Nino" rains  • China busts smuggling rings  • 56 arrested in China pyramid scheme  • EU issued 2.3 mln first residence permits in 2014: official data  
You are here: 　 Home

Yum Brands to separate China business

Xinhua, October 20, 2015 Adjust font size:

Yum Brands, the owner of KFC and Pizza Hut, said on Tuesday that it planned to separate the China arm of its business, which accounts for 57 percent of the company's revenue.

The China business would become an independent publicly-traded company, Yum Brands said.

Yum Brands said the independent China business would continue expanding its presence.

The company currently has more than 40,000 restaurants globally and the annual revenue from markets outside China stands at 6.3 billion U.S. dollars.

At least 95 percent of the restaurants would be operated as franchisees, the company said. Endit