Expansion: A woman holding an ice cream walks out of a KFC restaurant in Beijing. Yum China Holdings Inc, the nation’s biggest fast-food chain, which operates the KFC and Pizza Hut brands, is launching new restaurants at the second-fastest pace in 30 years and sees potential for over 11,000 more outlets. — Reuters
SHANGHAI: KFC’s owner in China is pushing ahead with expansion plans, opening two stores a day in the world’s biggest consumer market and banking on technology to help it cut costs, even as carmakers and industrial companies signal demand there is deteriorating.
Yum China Holdings Inc, the nation’s biggest fast-food chain, which operates the KFC and Pizza Hut brands, is launching new restaurants at the second-fastest pace in 30 years and sees potential for over 11,000 more outlets, chief executive officer Joey Wat said in an interview in Shanghai on Tuesday.
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