What is YUM?
Yum! Catering Group is a large global catering group with more than 35,000 restaurant chains and more than 1 million employees in more than 110 countries and regions around the world. Its subsidiaries include KFC, Pizza Hut, Little Sheep, Oriental White, Taco Bell, A & W and Long John Silver's (LJS), ranking the world's first in the areas of chicken cooking, pizza, hot pot, Chinese fast food, Mexican food and seafood chain catering One. Yum's global turnover in 2007 reached US $ 10 billion, including direct sales and franchise fees.
Yum Catering Group
- Yum! Catering Group is a large global catering group with more than 35,000 restaurant chains and more than 1 million employees in more than 110 countries and regions around the world. Its subsidiaries include
- Our mission :
- To build Chinese Yum! To become the most successful restaurant company in China and the world
- Work together
- Crazy for guests:
- We are guest madness! Our restaurant team and RSC colleagues listen and respond to the voices of our customers. We provide customers with 101% CHAMPS in a "Yes" attitude.
- The pursuit of excellence
- Continuous innovation, striving for the first, and satisfying customers have always been the goals pursued by Yum!
- people oriented
- Employees are the company's greatest wealth. We firmly believe that cultivating outstanding talents is the cornerstone of Yum's success.
- Brainstorm
- We advocate a collaborative team spirit, solidarity and cooperation within the company and with partners is a group strategy
- The specific performance of the group force.
- Yum! Brands Inc., China Division is a subsidiary of Yum! Brands Inc., a company listed on the New York Stock Exchange. Yum! Catering Group China is the China headquarters of Yum! It provides operations, development, planning, finance, personnel, legal and public affairs services for KFC, Pizza Hut, Pizza Hut Express and Oriental White Restaurant, which are directly operated, joint ventures and franchise in mainland China.
- Yum! Is actually very good at transnational operations. Since spinning off from PepsiCo in 1997, it has quickly and thoroughly reformed its overseas operations. Ten years ago, the profit of overseas stores was less than 20% of the total profit, but now this share is 50%.
- In 2007, Yum! China's total turnover reached 21.5 billion yuan, and operating profit increased by 30%.
- On December 20, 2012, the Shanghai Food Safety Commission Office notified that from 2010 to 2011, Yum! Group conducted a self-inspection of 19 batches of chicken products of Shandong Liuhe Group, of which 8 batches of products had failed antibiotic residues. The test results are reported to Yum! The hormone test is not included in the test items, so it is impossible to know the hormone residues in Liuhe chicken. Yum! Does not follow China's
- According to media reports such as People's Daily Online, the Shanghai media revealed fierce news on the evening of the 20th, exposing a series of food safety blackouts of Fuxi Company, which supplies raw materials to a large number of foreign fast food in Shanghai. According to reports, Shanghai Fuxi Food Co., Ltd. directly puts the floor meat on the production line and adds various expired raw materials at will; all the defective products are mixed into the production line, and the beef patties of unknown origin are washed white; Small steak. " These are the scenes in the processing workshop of Fuxi Company. These products have been directly supplied to McDonald's,
- At noon on August 1, 2014, China Yum! Released the "Open Letter to the Consumers" on the Shanghai Fuxi incident and announced that it will establish a follow-up measure such as a reward reporting system, stop cooperation with Fuxi Global, and strive to win back consumers. trust. [6]
- Chunhua Capital and Ant Financial Services invested US $ 460 million
- On the evening of September 2, 2016, Yum! Catering Group announced an agreement with Chunhua Capital and Ant Financial, which jointly invested $ 460 million in Yum China. The investment will be synchronized with the spin-off of Yum! .
- Yum! Group said that after the official spin-off of Yum China, Yum Group will no longer hold Yum China shares, but Yum China will need to pay Yum Group a 3% royalty. After the spin-off, Yum! China does not have any debt, and the investments made by Chunhua Capital and Ant Financial will be used to fund the company's future growth plans.
- The implication is that part of the operating business in the Chinese market was sold to Chunhua Capital and Ant Financial for $ 460 million. And after the spin-off, Yum China will be listed and traded on the New York Stock Exchange as an independent company under the symbol "YUMC" on November 1, 2016. The investment and spin-off listing are expected to be completed simultaneously on October 31, 2016.
- According to statistics, Yum! Catering Group is the world's largest restaurant group, with more than 35,000 restaurant chains and more than 1 million employees in more than 110 countries and regions around the world. Its products include KFC, Pizza Hut, Little Sheep, Oriental White, Taco Bell, A & W and Long John Silver's (LJS). Its products include cooked chicken, pizza, hot pot, Chinese fast food, Mexican food and seafood chain dining.
- According to the agreement, Chunhua Capital and Ant Financial will invest USD 410 million and USD 50 million in Yum China respectively. The price per share will be weighted by the trading volume of Yum China stocks during the 31 to 60 days after the spin-off.
- However, Yum! Did not announce the specific shareholding ratio of the two. According to the Wall Street Journal (blog, Weibo), Ant Financial and Chunhua Capital hold Yum China between 4% and 6%. This shareholding ratio can only be regarded as the status of small and medium shareholders, not to mention acquisitions. In other words, while Yum! Splits its business, it focuses on introducing the two as strategic investments. [5]