Fast food giant Yum Brands suffers ahead of China spin-off

Fast food giant Yum Brands suffers ahead of China spin-off
 

Yum Brands, the company behind KFC, Pizza Hut and Taco Bell, has seen disappointing quarterly results in its China business just before spinning it off into a separate company.
Sales in the country slipped partly due to protests against western restaurant brands in the wake of the South China Sea dispute.
The firm plans to spin off its China restaurants at the end of October.
Overall global revenue fell 3% to $3.32bn (£2.5bn) for the third quarter.
Shares in Yum were down 2.2% in after-hours trading.
The largest Western restaurant operator in China said that sales at Yum China restaurants... read more

 
6 October 2016 in Business, Views: 55
Source: BBC
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