Beyond Meat partners with Yum China to popularize meat alternatives

CHINA – Beyond Meat has partnered with Yum China Holdings, the operator of KFC, Pizza Hut and Taco Bell restaurants in mainland China to introduce its plant-based burger in the country. The partnership will debut Beyond Burger at select KFC, Pizza Hut and Taco Bell locations in mainland China starting June 3 this year, in a collaboration that marks the launch of Beyond Meat’s Beyond Burger in mainland China. KFC will offer the Beyond Burger as a 3-day limited time offer at five locations in Beijing, Chengdu, Hangzhou and Shanghai…

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Yum China acquires controlling stake in Chinese casual dining franchise business

CHINA – Yum China Holdings, the KFC, Pizza Hut and Taco Bell operator in mainland China has acquired a controlling interest in the Huang Ji Huang group, one of the leading Chinese-style casual dining franchise business.  Founded in 2004 and headquartered in Beijing, Huang Ji Huang has over 640 restaurants in China and internationally. The group operates primarily under a franchise model and its brand portfolio consists of “Huang Ji Huang,” an industry-leading simmer pot brand, as well as “San Fen Bao,” a newly launched Chinese fast food concept in…

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Yum! Brands completes US$375m acquisition of The Habit Restaurants

USA – Yum! Brands, the parent company of KFC, Pizza Hut and Taco Bell brands, has completed the acquisition of The Habit Restaurants, following the approval by The Habit Burger Grill stockholders. Yum! Brands, the world’s largest restaurant company in terms of units, acquired all of the issued and outstanding common shares of The Habit Burger Grill for US$14 per share in cash or a total of approximately US$375 million. Founded in California in 1969, The Habit Burger Grill offers a flavor-forward variety of made-to-order items including charburgers, hand-filleted and…

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Yum! Brands moves corporate offices to green energy, reduces plastic waste

USA – Yum! Brands, the owner of KFC, Pizza Hut and Taco Bell fast food chains has unveiled plans to move its corporate offices to renewable energy and sustainable packaging, and to intensify action on plastic waste. The fast food chain operator said that it will shift its corporate US offices in Louisville, Plano, Irvine and Chicago to 100% renewable energy and move all plastic packaging to be reusable, recyclable or compostable by the end of 2020. In addition, the company continues to advance its work on sustainable packaging with…

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Taco Bell unveils global sustainable packaging commitments

USA – Taco Bell, the quick-service restaurant operated by Yum! Brands, has made new bold commitments seeking to make all consumer-facing packaging recyclable, compostable or reusable across its restaurants worldwide by 2025. As part of the pledge, the restaurant chain has committed to making available recycling and/or composting bins to all restaurants, where infrastructure permits. Taco Bell will also be removing a group of synthetic chemicals including Per- and polyfluoroalkyl substances (PFAS), Phthalates and Bisphenol A (BPA) from all consumer-facing packaging materials. In addition, the brand has set new ambitious…

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Yum Brands income jumps 8.6% powered by more Taco Bell and KFC diners

USA – American fast food company Yum! Brands has posted strong quarterly performance with 8.6% rise in net income to US$454 million from $418 million in the comparable period last year. The company results indicated that strong sales at KFC and Taco Bell offset continued weakness at Pizza Hut which is losing to competitors in its key market, the United States. Taco Bell and KFC reported same-store sales increases but Pizza Hut had a 1% same-store sales decline in the three months ended September 30. During the review period, the…

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Yum Brands revenue falls 3% as KFC and Pizza Hut fail to beat estimates

USA – Yum Brands, the American global leader in chicken and pizza has reported 3% fall in revenue to US$1.37 billion as its restaurant brands KFC and Pizza Hut fail to reach estimates. According to the company, the overall same-store sales across all of its brands including Taco Bell, Pizza Hut, KFC were up 1% as opposed to the estimated figures by StreetAccount at 1.09%, weighed down heavily by a chicken shortage in the UK in February. The restaurant was forced to shut down hundreds of its KFC outlets after…

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Yum! Brands announces new partnership with KFC and Taco Bell

CHICAGO – Yum! Brands, one of the world’s largest restaurant companies, and Grubhub, have announced a new partnership to drive incremental sales to KFC and Taco Bell restaurants in the U.S. through online ordering for pickup and delivery. YUM also entered into an agreement with Grubhub, the nation’s leading online and mobile takeout food-ordering company, to purchase US$200 million of common stock, subject to customary closing conditions. This investment will provide Grubhub with additional liquidity to accelerate expansion of its industry-leading U.S. delivery network, drive more orders to YUM restaurants,…

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