Yum China aims to triple restaurants as challenges loom
Yum Brands Inc (YUM.N) said it can triple the number of restaurants in its China division, which is being spun off after a string of sales setbacks that have raised the risk profile of the company's top profit generator.
Yum opened its first KFC in China near Beijing's Tiananmen Square in 1987, beating major rivals to the country. It has been China's biggest Western restaurant operator for years and now has more than 7,300 KFC and Pizza Hut outlets there.
"I really don't see any reason why we cannot have 20,000 restaurants in China," said Micky Pant, chief executive of Yum's China... read more
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