Yum Brands is to spin off and list its Chineseoperations in the biggest shake-up the companybehind Kentucky Fried Chicken has seen in almost 20 years, a move that comes just days afterit appointed activist investor Keith Meisterto its board.
百胜品牌(Yum Brands)将剥离并上市中国业务,这是该公司近20年来最大的规模重组,几天前,百胜刚刚任命维权投资者基思·迈斯特(Keith Meister)加入公司董事会。百胜是肯德基(KFC)的母公司。
Newly formed company Yum China will become the sole franchisee for Yum Brands in the world’ssecond-largest economy, with exclusive rights to KFC and its other two fast-food chains PizzaHut and Taco Bell, with the latter yet to enter the country. Yum shares rose 3.8 per cent to$74.41 in midday trading.
新成立的公司——百胜中国(Yum China)将成为百胜在全球第二大经济体的唯一特许加盟商,将拥有肯德基以及其他两个快餐连锁必胜客(Pizza Hut)和塔可钟(Taco Bell)的独家特许经营权,塔可钟尚未进入中国。百胜股价昨日午盘上涨3.8%,至74.41美元。
Investors had been expecting radical change at Yum, whose Chinese business accounts forabout half of group operating profit. Mr Meister’s fund had built up a near-5 per cent stake inthe company and earlier this year called for it to split off its Chinese business.
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