Yum! Brands, Inc. to split into 2 publicly traded companies22percent
Yum Brands Inc seems to have been stuck in neutral for quite some time now. In July 2014, the company experienced a hefty drop in sales after news broke of its Chinese restaurants using expired meats. Unfortunately for Yum Brands, the company never really recovered from the scandal and the company’s recent third quarter earnings release certainly validated that speculation. However, Yum Brands made a huge announcement this morning that they are going to spin off their Chinese assets into a separate company.
Yum China will be new entity from the Yum Brands spin off
On October 7th, Yum . . .
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