The nine new directors announced today, seven of whom are independent, are expected to serve on the Yum China Board of Directors following the completion of Yum Chinas spin-off from Yum! Brands, which is expected to occur after the close of business on October 31, 2016.
Operated by franchisee California Pizza Kitchen Australia, the 370-seat, 9,500 sq. foot restaurant the worlds largest CPK officially opened its doors to the public yesterday and offers Australians CPKs elevated casual dining experience.
Total system sales grew 5%, including growth of 6% at KFC and 3% at Pizza Hut Casual Dining, excluding foreign currency translation
Yum! Brands, Inc. (NYSE: YUM) today announced that it has completed the separation of Yum China Holdings, Inc. from Yum! Brands, creating two independent, focused growth companies. Yum China will begin trading 'regular way' as an independent company today on the New York Stock Exchange (NYSE) under the ticker symbol 'YUMC.'