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
World / US and Canada

Yum China anticipates solid growth after spinoff

By PAUL WELITZKIN in New York (chinadaily.com.cn) Updated: 2016-10-12 11:42

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 its restaurants on the mainland.

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

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 that will include the Little Sheep and East Dawning Chinese brands in addition to KFC, Pizza Hut and eventually Taco Bell.

Yum Brands — the sprawling fast-food empire that owns Kentucky Fried Chicken, or 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 Chinese e-commerce company 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 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) New Year's", 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 mega-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 by a local television station 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. "I have told our team that we will spare no expense to ensure a safe supply chain."

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 on the mainland is the hot pot chain of restaurants called Little Sheep.

"We expect to open 40 new Little Sheep units in the next year," said Pant. "We currently have around 40 Little Sheep outlets in the US and Canada. I think it's a Chinese brand that has great potential to grow globally."

Meanwhile, Louisville, Kentucky-based parent Yum Brands unveiled a plan to drive growth once the separation of its China business is complete, by increasing franchise restaurant ownership.

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
主站蜘蛛池模板: 日本性色 | 亚洲天堂视频在线 | 窝窝人体色 | 欧美日韩在线观看区一二 | 青青自拍视频一区二区三区 | 就草草在线观看视频 | 日本成人免费在线视频 | 国产成人亚洲精品久久 | www.欧美成| 欧美成人伊人十综合色 | 国产看片一区二区三区 | 国产成人综合网亚洲欧美在线 | 成人免费国产欧美日韩你懂的 | 欧美一级毛片片免费 | 99re6热视频精品免费观看 | 国产成人精品免费视频网页大全 | 草草影院ccyy国产日本欧美 | 国产免费久久精品 | 性日韩精品 | 国内精品小视频在线 | 亚洲国语在线视频手机在线 | 日韩欧美一及在线播放 | 99爱在线精品视频免费观看9 | 精品少妇一区二区三区视频 | 国内精品久久影院 | 香港a毛片免费全部播放 | 免费观看成人www精品视频在线 | 国产欧美日韩在线一区二区不卡 | 国产高清一区二区三区免费视频 | 久久免费观看视频 | 久草免费精品视频 | 青久草视频| 大学生一级一片第一次免费 | 欧美一级毛片不卡免费观看 | 美女张开腿让男人桶爽动漫视频 | 91欧美精品 | 国产成人免费高清在线观看 | 热久久伊人 | 国产精品免费一区二区区 | xoxoxoxo欧美性护士 | 亚洲精品免费网站 |