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Published on Oct 12, 2016
Yum
Brands has big plans to grow the China unit it's spinning off. The US
fast-food giant has 7,300 restaurants right now. But that number could
roughly triple to north of 20,000 based on long term ambitions. This is
what Yum! Brands executives shared at the company's investor day. The
chain known for its KFC, Pizza Hut and Taco Bell brands plans to spin
off the China business October 31st. When its spinoff is completed Yum!
China will hold exclusive rights to use the aforementioned brand names
with China paying a three percent licensing fee for related sales. And
it will have the opportunity to add or launch new brands. Jeanne Yurman
reports for TheStreet.
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