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McDonald Plans to Keep 25 Percent Stake intact in China Business.

McDonald’s to Keep 25% Stake Intact in China, Hong Kong Business: Report

Dec 07, 2016 09:24 AM EST

McDonald plans to keep 25 percent stake intact in its China and Hong Kong business as it prepares to sell the reminder stake to a consortium led by private-equity firm Carlyle Group LP and Chinese conglomerate CITIC Group Corp, a person familiar with the matter said.

Yum China has over 7,200 restaurants in more than 1,100 cities.

Yum China Shares Increased After Spinoff Completion

Ellie Froilan |

Nov 02, 2016 01:24 PM EDT

After the completion of the spinoff of Yum Brand’s China unit, Yum China Holdings Inc. shares has increased on the first day of trading on the New York Stock Exchange by eight percent

People wait outside the new Taco Bell store ahead of it's official opening on April 21, 2015 in Tokyo, Japan.

Taco Bell to Open in China This Year

Charissa Echavez |

Oct 13, 2016 10:26 PM EDT

Yum Brands Inc. is testing if Chinese consumers are up for some quesadillas and tacos, as it plans to open the first Taco Bell in China this year, the company announced on Tuesday during an investor meeting.

Yum Brands has more than 7,300 Pizza Hut and KFC outlets in China

Yum Talks About Future After China Spinoff, to Triple Restaurants

S. Rina |

Oct 12, 2016 11:11 AM EDT

Yum Brands Inc. is looking to increase the number of restaurants in its China division threefold.

Yum Brands operate popular chains such as Taco Bell and KFC.

Yum Brands Claims South China Sea Dispute Dampens Revenue

S. Rina |

Oct 07, 2016 08:38 AM EDT

Yum Brands is scheduled to spin off its China division on October 31. The company announced lower than expected revenue for the third quarter of this year. Its China division also showed a declining trend. The company said its revenue has been negatively impacted by the ongoing South China Sea dispute.

The Louisville-based company said that the new company will be called Yum China Holdings.

Yum! Brands OKs Separation of China Business

Ellie Froilan |

Sep 28, 2016 07:17 AM EDT

Yum! Brands has approved its separation from its China business counterpart.

Yum Brands to Sale Stuck in China Business.

Yum Brands to Offload Stake in China business Ahead of Spinoff

Girish Shetti |

Sep 02, 2016 03:33 PM EDT

Yum Brands, owner of popular food chain restaurants KFC and Pizza Hut, said on Friday that it would sell a minority stake in its China business to Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding, Ant Financials.

Chinese Protestors Stage Anti-Japanese Demonstration

China's Police, Media Call for Rational Patriotism

Charissa Echavez |

Jul 21, 2016 01:48 PM EDT

Chinese law enforcers and media organizations are calling for rational patriotism following the international arbitration court's decision, which favored the Philippines over the communist country in the case about disputed territories in the South China Sea.

Yum Brands Raises Profit Outlook as Business Rebounds in China

Girish Shetti |

Jul 15, 2016 08:35 AM EDT

Buoyed by strong sales in China, Yum Brands has raised its profit outlook for the full year. This may signal a change of the company's fortune in the important Chinese market, where Yum's profits have been affected by series of food scandals in recent years.

Sale process of KFC operator Yum! Brands Inc. has been delayed.

Yum! Brands Inc.'s Potential Bidders Fail to Submit Offers On Time

Charissa Echavez |

Jun 29, 2016 09:02 AM EDT

The sale process of KFC and Pizza Hut's operator Yum! Brands Inc. has been delayed, as potential bidders failed to submit their offers by the deadline, sources familiar with the matter revealed.

McDonald’s Corp has received multiple bids for its stores in China and Hong Kong.

McDonald’s Receives Bids for China Stores

Rina S. |

Jun 23, 2016 04:01 AM EDT

McDonald's Corp has received multiple bids for its stores in China and Hong Kong. The offers have come from ChemChina, Beijing Tourism Group, and Sanpower.

Yum Brands to Sell Minority Stake in China Business

Girish Shetti |

Mar 24, 2016 11:43 AM EDT

Yum Brands is in discussion with KKR and other private equity firms to sell minority stake in its Chinese business, as a part company's plan to spin off its Chinese business later this year.

After the long-running investigation, a Chinese court finally has given its verdict over the meat scandal involving OSI Group

Chinese Court Delivers Verdict Over Meat Scandal Involving McDonald's and Yum Brands' Supplier

Charissa Echavez |

Feb 03, 2016 10:25 AM EST

Ten employees of American food supplier OSI Group have been sentenced to imprisonment and fined up to 2.4 million renminbi (US$364,875) by a Chinese court for reusing returned food products to avoid losses.

KFC To Compete With Starbucks In China

Geann Pineda |

Apr 15, 2015 11:54 PM EDT

KFC will be selling premium coffee this year in some 2,500 stores in China in a bid to become a cheaper alternative to Starbucks.

Pizza Hut Changing Brand With New Customization Options

David Curry |

Nov 10, 2014 09:29 AM EST

Pizza Hut is looking to radically change the brand in the next few months, adding new customizations to its pizzas, alongside a new logo, new uniform and new pizza box.

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