David Novak News
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Can Colonel Sanders win back Chinese diners?
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Yum! Brands Inc., owner of the KFC and Pizza Hut dining chains, said sales at stores open at least 12 months fell 29 percent in China in April as customers remained concerned about the safety of its chicken and the spread of bird flu hurt demand.
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Yum! Brands Inc., owner of the KFC and Pizza Hut dining chains, posted first-quarter profit that topped analysts’ estimates as new menu items helped Taco Bell’s domestic sales.
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Yum! Brands Inc., owner of the KFC and Pizza Hut dining chains, said sales at stores open at least a year fell 13 percent in China in March as its ads failed to regain customers concerned about the quality of its chicken.
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On the edge of Tiananmen Square, just across the street from Mao Zedong ’s tomb, He Yingying munches on a piece of chicken and gazes at the benign-looking figure beaming down at her.
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Yum! Brands Inc., owner of the KFC and Pizza Hut dining chains, will introduce a new advertising campaign to lure consumers in China after a probe into its chicken suppliers hurt sales in the Asian nation.
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Matthew Hutcheson, who advises companies on their retirement plans, told Congress that managers of the $3.2 trillion in U.S. 401(k) plans should adhere to “the highest ideals of society.”
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Restaurants are reeling from their worst three months since 2010, as American diners spooked by higher payroll taxes cut back on eating out.
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Yum! Brands Inc., owner of the Taco Bell and KFC fast-food chains, declined the most in more than 10 years after saying same-store sales in China will fall in the fourth quarter.
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Yum! Brands Inc. plans to double the number of its KFC outlets in Africa to 1,200 by the year 2014, as it aims to double revenue on the continent to $2 billion, the Wall Street Journal reported, citing Chairman and Chief Executive Officer David Novak.
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