Yum wants to invest in delivery

Publication

20 December 2016 à 16h07

Updated on 10 May 2019 à 18h06

Reading time

2 minutes

Publication: 20 December 2016 à 16h07, Updated on 10 May 2019 à 18h06

Reading time: 2 minutes

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Publication

20 December 2016 à 16h07

Updated on 10 May 2019 à 18h06

Reading time

2 minutes

Publication: 20 December 2016 à 16h07, Updated on 10 May 2019 à 18h06

Reading time: 2 minutes

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The fast-food operator Yum-China (7,300 KFC and Pizza Hut restaurants in China, more than US$8 billion in sales last year) has changed owner last month and is now controlled by new Asian shareholders: Primavera Capital (led by Fred Hu, former president of Goldman Sachs) and Ant Financial Services (part of Alibaba). The newly created firm has accelerated a modernisation of the local business. In late November 2016, Yum-China negotiated as a potential US$200 million shareholder in Daojia....

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