Overseas restaurant chains testing the waters for European expansion typically open an outlet or two in London, Paris or perhaps somewhere in Germany. Japanese noodle purveyor Toridoll Corp. chose Moscow.
U.S. stocks fell a third day amid concern an improving economy will cause the Federal Reserve to reduce monetary stimulus, while 10-year Treasuries advanced as the central bank bought debt. The pound climbed to near a two- year high against the dollar and crude oil surged.
China’s planned economic reforms are poised to reshape the competitive landscape, allowing private companies such as Alibaba Group Holding Ltd. to compete with state-owned banks and easing the one-child policy to bolster demand for products from Nestle SA to General Motors Co.
The biggest-ever U.S. corn harvest is spurring poultry farms to expand chicken production, sending domestic supplies of the meat to a record and cutting costs for buyers from Costco Wholesale Corp. to McDonald’s Corp.
Yum! Brands Inc., the owner of the KFC and Taco Bell fast-food chains, and its partners will spend $10 billion over the next seven years adding restaurants in emerging markets to tap increasing demand for eating out.
Together with its franchise partners, Yum plans to have more than 20,000 restaurants in emerging markets by 2020, according to a company statement. * Co. expects to have $1 billion in sales in India by 2015, which includes company and franchise restaurants. * Co. expects to have more than 1,000 KFC, Pizza Hut and Taco Bell outlets in more than 100 Indian cities by 2015 * Co. plans to open 1,450 restaurants in emerging markets this year