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YUM BRANDS FRANCHISEE
Buy, Sell or Hold: Morgan Stanley raises target price on NYKAA; Elara Capital maintains buy on Devyani InternationalBrokerage views on Indian equities are mixed as Morgan Stanley raises Nykaa's target price on ambitious FY30 growth plans. Conversely, conc...- Tourism and hotel sector stocks: Time for a correction in business? Are analysts getting it wrong? 15 stocks from the ecosystemThe Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, i...
- Yum Brands in exclusive talks to sell Pizza Hut to LongRange Capital, source saysYum Brands is reportedly in exclusive talks with private-equity firm LongRange Capital for a potential sale of its Pizza Hut chain. This mo...
- Pizza Hut's AI system promised 30-minute delivery, now it's facing 45-minute waits and a $100M lawsuit insteadPizza Hut's new AI system, Dragontail, has led to a major lawsuit. A large franchisee claims the technology backfired, causing delivery del...
- Devyani International shares zoom 8% after mega merger announcement with Sapphire FoodsExciting developments are afoot as Devyani International announces a strategic merger with Sapphire Foods India, set to establish the large...
- Devyani & Sapphire to merge, form QSR giantDevyani International and Sapphire Foods India are merging operations. This union will create India's largest quick-service restaurant enti...
- Macquarie bullish on QSR sector; initiates coverage on 2 stocksMacquarie initiates coverage on Devyani International and Sapphire Foods with "Outperform" ratings, setting target prices of Rs 230 and Rs ...
- Yum! Restaurants (India) reports Rs 162 cr profit in FY24, income up 13 pc to Rs 832 crYum! Restaurants India, parent company of Pizza Hut and KFC, reported a profit of Rs 162.04 crore in FY24. Revenue rose to Rs 689.93 crore....
- KFC names its Asia MD Sabir Sami as global division CEOKFC Asia has been a high-growth region representing 17 markets and comprises over 15% of all KFC division restaurants. India is a strategic...
- Devyani International to invest Rs 1,000 crore ahead of IPO; ropes in former KFC India MD ShindeThe company has hired former KFC India managing director Rahul Shinde as executive director, as it looks to accelerate presence in a sector...
- India a stand-out market: Yum! Global CEO Greg CreedTwo years back, Yum! had consolidated its India business with two franchisees — Devyani International and Sapphire Foods, a consortium led ...
- Yum! Brands to split operations between Devyani International, Samara CapitalThe exiting franchisees include Dubai-based Dodsal group, KFC Holdings Malaysia, Punjab-based ANPPL and a smaller one in Kerala.
- Dabur’s Gaurav Burman forays into QSR segment, to sell Taco Bell in NorthThe Burmans have floated a new entity called Burman Hospitality, which will invest in the space.
- Yum! Restaurants puts KFC business on the block in Western IndiaSlowing discretionary spends have been impacting same-store sales growth and profitability of restaurant chains despite low prices and valu...
- Yum Brands opens its first owned Pizza Hut outlet in India; targets $ 1-bn revenuesYum! opened its first owned Pizza Hut store in India at Mumbai's Mira Road as it plans to take on Domino's Pizza more aggressively.
- Restaurant major AmRest eyes acquisitions in IndiaAmRest Holdings SE, one of the largest franchisees of KFC and Burger King globally, may explore acquisitions to tap into India's burgeoning...
- Yum! to breathe new life into local operationsYum!, the local subsidiary of the Louisville, Kentucky-based Yum! Brands, is planning to synergise its operations.
- Whistleblowing set off Yum! exitsA little more than a week after ET first reported the departure of three top executives of Yum! Restaurants India - CEO Sandeep Kohli, head...
- There's no stopping the genie in the bottleHe is as reclusive as the brands he represents are ubiquitous. Think Pepsi, Pizza Hut, KFC, Costa Coffee, Disney and the French ice-cream b...
- Yum! plans to bring in Taco BellYum! Restaurants owns five brands -All American Food, KFC, Pizza Hut, Long John Silver and Taco Bell.
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