Yum China
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Yum China
Yum China Holdings, Inc.
Public
Traded as NYSEYUMC
ISIN US98850P1093
Industry Restaurants
Founded 1 April 2016
Headquarters Shanghai and Plano, Texas
Area served
China
Key people
Muktesh Pant, CEO
Revenue IncreaseUS$6.752 billion (2016)[1]
IncreaseUS$0.640 billion (2016)[1]
IncreaseUS$0.502 billion (2016)[1]
IncreaseUS$$3.727 billion (2016)[1]
IncreaseUS$2.443 billion (2016)[1]
Number of employees
420,000 (as of December 2016)[2]
Divisions KFC
Pizza Hut
Taco Bell
East Dawning
Little Sheep
Website www.yumchina.com/en

Yum China Holdings Inc. (Chinese: ?) is an American-Chinese Fortune 500[2]fast-food restaurant company incorporated in the United States and having joint headquarters in Shanghai and Plano, Texas. With US$6.8 billion of revenue in 2016 and over 7,600 restaurants, it is the largest restaurant company in China. Spun off from Yum! Brands in 2016, it became an independent, publicly traded business company on 1 November 2016. It operates more than 7,600 restaurants over 1,100 cities and towns spanning every province and autonomous region across Mainland China, and has a workforce of 420,000 employees, representing the 3rd largest labour force in the world.[3][4]

History

Initial foray into China

Spinoff

On 20 October 2015, Yum! Brands announced that it intended to separate into two independent, publicly traded companies.[5] Yum China was spun off on 1 November 2016.[6]

Yum China in North America

Even though Yum China is based in China, one of its subsidiaries, Little Sheep, has locations in North America. There are a total of 38 locations in North America: 29 locations in 9 US states, mostly in California, and 9 locations in 4 Canadian provinces. These locations' profits are managed by the Yum China headquarters in Plano, Texas.[7]

References

External links

Official website


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Yum_China
 



 

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