www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Yum plans expansion after spinoff

By PAUL WELITZKIN in New York (China Daily) Updated: 2016-10-13 07:35

Yum plans expansion after spinoff

A customer uses a mobile phone while eating at a KFC restaurant in Shanghai. [Photo/Bloomberg]

The CEO of Yum China, which after its spinoff will begin trading on the New York Stock Exchange on Nov 1, is confident his company can triple the number of its restaurants on the mainland.

"There is risk everywhere in the world," Micky Pant said on Tuesday in New York. "We think China has many more opportunities than risks."

Yum China Holdings Inc will trade on the NYSE under the symbol YUMC. It will become the largest independent restaurant company in China with more than 7,000 outlets. including the Little Sheep and East Dawning Chinese brands in addition to KFC, Pizza Hut and Taco Bell.

Yum Brands-the sprawling fast-food empire that owns KFC, Pizza Hut and Taco Bell-announced in September plans to sell part of its China operations valued at $460 million to Primavera Capital and the financial affiliate of Alibaba Group Holding Ltd.

Primavera, a Chinese private-equity firm, will invest $410 million in the spinoff. Ant Financial Services Group, the Alibaba affiliate, will put $50 million into the business.

Pant said he believes the spinoff will enable the China operations to expand rapidly. "All of the profit we make in China will now be available for China. I really don't see any reason why we cannot have 20,000 restaurants in China," he added.

Pant said his company will begin opening Taco Bell outlets in China soon-"at least in time for (the Chinese Lunar) New Year", he said. Pant is convinced that the brand can be attractive in China.

Pant said Yum China's best growth areas include the anticipated 1,250 new malls that will open in the country over the next few years along with rapidly expanding transportation hubs and big cities.

One area that Pant said is a top priority for Yum China is food safety.

Earlier this month, regulators imposed 24 million yuan ($3.6 million) in fines against US meat supplier OSI Group LLC and its Chinese subsidiary in connection with a 2014 scandal in which OSI's Chinese units were accused of selling expired meat to several fast-food outlets, including Yum and McDonald's Corp.

"Our number one priority is food safety and ingredient quality," said Pant.

Pant said the company has reduced the number of firms that supply its restaurants so that it will "deal with only top-quality suppliers".

One of Yum China's holdings is the hotpot chain of restaurants called Little Sheep.

"We expect to open 40 new Little Sheep units next year," said Pant. "We have around 40 Little Sheep outlets in the US and Canada."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美激情久久久久久久大片 | 国产喷水女王在线播放 | 久久久久亚洲香蕉网 | 日本亚欧乱色视频在线观看 | 黄色a免费 | 日本乱理伦片在线观看网址 | 亚洲欧美高清视频 | 欧美黄色免费网站 | 国产精品久久久久久久久99热 | 国产区久久 | 免费观看情趣v视频网站 | 欧美日本高清视频在线观看 | 久久成人午夜 | 成人免费久久精品国产片久久影院 | 中国一级特黄真人毛片 | 国产高清在线视频 | 三级黄网 | 免费毛片a| 国产女人在线视频 | 欧产日产国产精品精品 | 高清国产美女一级a毛片 | 亚洲精品高清久久 | 国产三级视频在线播放 | 日本韩国一区二区三区 | 国产精品自在欧美一区 | 国产九九精品视频 | 美女在线网站免费的 | 色内内免费视频播放 | 国产成人久久久精品毛片 | 欧美xxxxx毛片 | 波多野结衣一区在线观看 | 精品久久久久久国产91 | 最新更新国内自拍视频 | 国产精品国产三级国产a | 国内精品久久久久影院不卡 | 亚洲图片 自拍 | 久久久久国产一级毛片高清板 | 欧美大片毛片大片 | 9久久99久久久精品齐齐综合色圆 | 中国老太卖淫播放毛片 | 成人国产一区 |