Yum! Brands, Inc. (YUM) is a quick service restaurant company based on number of system units, with approximately 37,000 units in more than 120 countries and territories.
The Company through its three concepts of KFC, Pizza Hut and Taco Bell (the Concepts), develops, operates, franchises and licenses a worldwide system of restaurants, which prepare, package and sell a menu of priced food items.
Units are operated by a Concept or by independent franchisees or licensees under the terms of franchise or license agreements.
In addition, YUM owns non-controlling interests in Chinese entities who operate in a manner similar to KFC franchisees, as well as a non-controlling interest in Little Sheep Group Limited (Little Sheep).
It operates in five segments: YUM Restaurants China, YUM Restaurants International, Taco Bell U.S., KFC U.S. and Pizza Hut U.S.
In December 2011, it sold the Long John Silver's and A&W All-American Food Restaurants brands. On February 1, 2012, it acquired Little Sheep.
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Mayo 05, 2011
Operational innovations at QSR's rival those at any factory
Go into the kitchen of a Taco Bell today, and you'll find a strong counterargument to any notion that the U.S. has lost its manufacturing edge. Every Taco Bell, McDonald's, Wendy's and Burger King is a little factory, with a manager who oversees three...From the archive
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