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Wednesday, October 10, 2012

Yum...for Yum! but what about the health costs?

Yum Plans to Spend $100 Million in India to Expand Restaurants - Bloomberg: "Yum! Brands Inc. (YUM), owner of the KFC and Taco Bell restaurant brands, said it will spend $100 million in four to five years to expand in India, including the addition of 100 outlets in the country this year.
The expansion is part of a plan to double stores in India and some neighboring countries to 1,000 by 2015, Niren Chaudhary, president of Yum in India, said yesterday in an interview in Mumbai.
Chief Executive Officer David Novak in July said Yum is following in India the strategy adopted in China, which accounts for 44 percent of its revenue. The International Monetary Fund this week cut its 2012 economic growth forecast for India and said it expects expansion to accelerate to 6 percent next year as overseas markets improve and a recent government policy revamp boosts confidence."

'via Blog this'

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