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Foodservice and Industrial Equipment Industry.

 

  • Global Foodservice and Equipment Newsletter – December 1, 2017 Edition December 3, 2017 - Arby’s to Acquire Buffalo Wild Wings for $2.8B in Restaurant Shakeup Wings. Beer. And Arby’s. Fast-food chain Arby’s Restaurant Group said that it reached a deal to acquire Buffalo Wild Wings, which promotes the slogan “wings, beer, sports” in its advertisements, for $2.8 billion in cash. The deal comes as the casual dining sector is ailing as... read more
  • Global Foodservice Newsletter – November 15, 2017 Edition November 20, 2017 - Edward Don & Company Has Acquired Atlanta-Based Atlanta Fixture and Sales Company Inc. Edward Don & Company, a nationwide distributor of foodservice equipment and supplies, announced today the acquisition of certain assets of Atlanta Fixture and Sales Company, Inc., located in Atlanta, Georgia. Since 1927, Atlanta Fixture has been a leading foodservice equipment and supplies distributor... read more
  • Global Foodservice and Equipment Newsletter – November 1, 2017 Edition November 1, 2017 - Globe Food Equipment Now Part of the Middleby Corporation The Middleby Corporation announced the acquisition of Globe Food Equipment Company, a leading brand in slicers and mixers for the commercial foodservice industry. Based in Dayton, Ohio, the company has approximately $50 million in annual sales.  “Globe is a trusted leader in food preparation products known... read more
  • The Lighter Side – October 15, 2017 October 16, 2017 - Did you hear about the Italian chef that died? He pasta way. We cannoli do so much. His legacy will become a pizza history.
  • Global Foodservice and Equipment Newsletter – October 15,2017 Edition October 16, 2017 - To Our Loyal Followers, Here it is the middle of October and my World Series Champion Cubs (never gets old until they are dethroned) are still in the running for a 2peat!! What a fall!! In real news, according to the Institute for Supply Management, factory expansion had the highest increase since 2004. New orders... read more
  • Global Foodservice News – October 1, 2017 Edition October 2, 2017 - Singer Buys Ashland Equipment Singer Equipment Co. has acquired the business of Ashland Equipment, the Belcamp, Md., dealer. Ashland has a large contract equipment presence in its home state, Delaware, Virginia, and Washington, D.C., markets, serving healthcare, higher education, K-12, business and industry, and restaurant segments. Rod White will continue leading the new division, which... read more
  • Global Foodservice Newsletter – September 1, 2017 Edition September 5, 2017 - The Middleby Corporation Acquires QualServ Solutions, LLC The Middleby Corporation announced the acquisition of QualServ Solutions, LLC, a global commercial kitchen design, manufacturing, engineering, project management and equipment solutions provider. QualServ, based in Fort Smith, Ark., has annual revenues of $100 million. “QualServ is a respected industry leader providing a unique set of services and... read more
  • Global Foodservice and Equipment Newsletter – August 15, 2017 Edition August 15, 2017 - Potbelly Mulls Sale amid Disappointing Earnings The Chicago-based sandwich maker reported second-quarter earnings that missed expectations. The company is “undertaking a comprehensive review of our business strategy,” interim CEO Michael Coyne said in a statement. Coyne said Potbelly tapped J.P. Morgan Securities “as our financial advisor to assist with this review and development of strategic... read more
  • Global Foodservice and Equipment Newsletter 8.1.17 July 31, 2017 - Corrie Byron has been appointed President of Franke Coffee Systems North America Byron will be responsible for accelerating sales and growth of the Smyrna, Tenn.-based Franke Coffee Systems business in the U.S. and Canada. Byron will report to Thomas Patrick Meier, CEO of the global Coffee Systems Division headquartered in Aarburg, Switzerland. “Corrie will leverage... read more
  • Global Foodservice Newsletter – July 15, 2017 Edition July 17, 2017 - Shawn Kuhlman as director of sales for Canada and Latin America T&S Brass and Bronze Works, a leading international manufacturer of innovative foodservice and commercial plumbing products, has hired Shawn Kuhlman as director of sales for Canada and Latin America. Kuhlman will focus on supporting T&S customers in Canada and Latin American nations, as well... read more
  • Global Foodservice Newsletter – July 1,2017 Edition June 28, 2017 - Amazon Rocks Grocery Industry with $13.7B bid to buy Whole Foods Amazon.com’s agreement to buy Whole Foods Market for $13.7 billion, announced recently, is a seismic deal that likely signals major changes in the grocery business. For shoppers, such a deal could ultimately mean lower prices at Whole Foods and more online delivery and pickup options... read more
  • The BJ Beltram Transaction Represents the 13th Platform Investment in Trivest Fund V June 14, 2017 - Trivest Partners announces it has recapitalized B&J Food Service Equipment and Beltram Foodservice Group to create BJ Beltram, Inc. The BJ Beltram transaction represents the 13th platform investment in Trivest Fund V, a $415 million fund dedicated to investing in founder/family-owned businesses. BJ Beltram is the combination of two leading foodservice equipment (FSE) distributors: B&J Food... read more
  • Executive Team Transition and Brand Transformation June 14, 2017 - Glenn Lunde has assumed the role of President at Togo’s Holdings, LLC, reporting directly to the Board of Directors, following the retirement of Togo’s Chairman and Chief Executive Officer, Tony Gioia. Lunde joined Togo’s as Chief Concept Officer in January as part of the succession planning process, and has been leading Togo’s brand transformation strategies,... read more
  • US Foods Agrees to Acquire F. Christiana June 14, 2017 - US Foods announced that it has agreed to acquire F. Christiana, a broadline distributor of food and food-related products concentrating on the important center-of-the-plate categories as well as dairy and dry goods. Family-owned for three generations, F. Christiana has nearly $100 million in annual sales and serves more than 1,800 independent restaurant, hotel, and independent... read more
  • DEL TACO Names John D. Cappassola, Jr. as Chief Executive Officer June 14, 2017 - Del Taco Restaurants, Inc. the second largest Mexican-American QSR chain by units in the United States, announced that President and Chief Brand Officer John D. Cappasola, Jr. has been named as Chief Executive Officer, to succeed Paul J.B. Murphy, III. Mr. Cappasola will also replace Mr. Murphy on the Company’s Board of Directors. Mr. Murphy will remain... read more
  • The Cheesecake Factory Opens in Hackensack, New Jersey June 14, 2017 - The Cheesecake Factory®, known for its extensive menu, generous portions and legendary desserts, today announced the opening of its newest restaurant in The Shops at Riverside in Hackensack, N.J. With more than 250 menu selections including nearly 50 lower calorie Skinny Licious® dishes and a “Super” Foods section – handmade, in-house with fresh ingredients – and more than... read more
  • Franchisee Association of Buffalo Wild Wings Reticent About New Management Direction Following Stockholder Vote June 14, 2017 - Franchise Business Services (FBS), the association representing Buffalo Wild Wings® franchisees expressed its reticence about potential new management direction following the outcome of the stockholder vote supporting Marcato Capital and its slate of three new board members for the Minneapolis-based casual dining restaurant group.  “Buffalo Wild Wings franchisees are focused on continuing the momentum of... read more
  • Carrols Restaurant Group, Inc. Completes the Acquisition of 17 BURGER KING® Restaurants in Maryland June 14, 2017 - Carrols Restaurant Group, Inc. announced that on June 6, 2017, the Company completed the acquisition of Republic Foods, Inc. which operates 17 BURGER KING® restaurants in Maryland, specifically in the Baltimore and Washington markets. Daniel T. Accordino, the Company’s Chief Executive Officer said, “We are pleased to complete this transaction which we obtained through the... read more
  • From Ronald McDonald to Drake, the fast food giant goes back to the future at secret company convention June 14, 2017 - A 50th McAnniversary. An 80th birthday. Record sales. A tasty new chicken sandwich. Even a goofy appearance by the world’s most famous clown. And somehow Drake manages to steal the show. McDonald’s Canada held a top secret company convention in Toronto last week, with 2,300 franchisees, restaurant managers and company brass — including ‘the founder’... read more
  • Consultants’ Roundtable June 14, 2017 - A trio of esteemed consultants engage in a wide-ranging discussion about the issues affecting the foodservice industry both today and in the future. Our panelists share their experiential knowledge to address such topics as consumer-driven trends affecting equipment specification, the evolving role of technology in foodservice design, maximizing labor through creative solutions and much more.... read more
  • Dave & Buster’s Remains Selective on Big-Box Sites June 14, 2017 - Dave & Buster’s Entertainment Inc., which plans to open a dozen new restaurants this fiscal year, is not seeing significant effect on lease terms amid the growing number of big-box retailers closing units, executives said this week. Dave & Buster’s continues to look for real estate that offers 25,000 square feet to 45,000 square feet,... read more
  • Owner of Joe’s Crab Shack Chain Files for Bankruptcy June 14, 2017 - The owner of the Joe’s Crab Shack casual dining chain filed for Chapter 11 bankruptcy amid falling sales, and plans to sell the company for at least $50 million to a private equity firm, according to a court filing. Ignite Restaurant Group Inc., which also owns the Brick House Tavern + Tap chain, has been... read more
  • Coca-Cola Pledges Record $1.5M to NRAEF June 14, 2017 - The National Restaurant Association Educational Foundation received a record-breaking pledge of $1.5 million from the Coca-Cola Co. that will support the foundation’s efforts to attract, empower and advance the next generation of our industry’s workforce. The donation is the largest contribution in the NRAEF’s history. Rob Gifford, the NRAEF’s executive vice president cited the beverage company as a long-standing champion... read more
  • Restaurant operator Brinker International Inc. is selling more than burgers and tacos June 14, 2017 - The Dallas-based company that owns Chili’s Grill & Bar is hunting a buyer for its longtime headquarters. Brinker announced earlier this year that it’s moving its head office to the new Cypress Waters development near Belt Line Road and LBJ Freeway. So it’s hunting a buyer for its old digs on Hillcrest Road at LBJ. The... read more
  • Restaurants Build Empires with Brand Licensing June 14, 2017 - Jane is a mother of three. She’s responsible for grocery shopping in her household. Since it’s Taco Tuesday, her shopping cart practically rolls itself into aisle seven — the Mexican aisle. Unfortunately, her main choices have been the same for years: Old El Paso and Ortego. The food is good, but uninspiring. On one hand,... read more
  • Gaylord Industries Adds Brad Reifschneider to Sales Team June 14, 2017 - Gaylord Industries hired Brad Reifschneider as its regional sales manager, Northeast. His responsibilities include regional sales and business development along the East Coast. Reifschneider’s background includes foodservice equipment and sales experience with such manufacturers as Doyon & Nu-Vu Bakery Equipment, Redco Foodservice Equipment, and Unilever Foodsolutions. – Source: Foodservice Equipment and Supplies     To... read more
  • Plant-Based Pizza and Ice Cream Spot Virtuous Pie Opens Saturday June 14, 2017 - “We’re not here to imitate. We’re here to create our own style of pizza,” says Jim Vesal, the executive chef of Vancouver, B.C.-based Virtuous Pie. Founded in 2015, Virtuous Pie will open its first location in Portland (and second location overall) this Saturday, June 10, at 1126 SE Division St. The honed menu (see below) features... read more
  • Whopper and Timbits Don’t Mesh, Says Burger King Chief June 14, 2017 - Restaurant Brands International Inc. — the fast-food empire that owns Burger King, Tim Hortons and now Popeyes Louisiana Kitchen — plans to keep the divisions separate, with no mixing of menu items. Despite Restaurants Brands’ reputation for scooping up businesses and squeezing costs, it doesn’t see product synergies between the chains, said Chief Executive Officer... read more
  • McDonald’s to Hire More U.S. Workers this Summer, Some via Snapchat June 14, 2017 - McDonald’s said it will hire more U.S. workers this summer to staff french fry stations and cash registers, and it will bring in a new way to apply in an effort to draw in more young applicants. The world’s largest burger chain said the company and its franchisees will hire about 250,000 people across its... read more
  • Global Foodservice News – June 15, 2017 Edition June 14, 2017 - To Our Valued Subscribers, With the NHL (Congratulations Penguins’) and NBA (Congratulations Golden State) seasons now completed, the sporting world now turn its attention to America’s past time, baseball. My World Series Champion Cubs (yes, I will use this until they are no longer World Series Champions, it only took 108 years!!) are only 1... read more
  • Fund Started by Former McDonald’s CEO Acquires PizzaRev June 1, 2017 - Don Thompson is getting into the pizza business. Cleveland Avenue LLC, a Chicago-based accelerator that invests in restaurant, food and beverage concepts, has acquired a majority stake in the fast-casual pizza chain PizzaRev. Terms of the deal were not disclosed. “This is more than investment; this is a partnership,” Thompson said in a statement. “Our... read more
  • Red Robin Outlines Strategy Amid Casual-Dining Tumult June 1, 2017 - Red Robin Gourmet Burgers Inc. is overhauling its operations, redefining service, adding off-premise alternatives and reconsidering mall locations as it faces a challenging casual-dining market, executives said. At the Greenwood Village, Colo.-based company’s first investor day in more than three years, Red Robin executives said many of its restaurants share the traffic declines in big-box... read more
  • Introducing The White Castle of the Future June 1, 2017 - Along with MG2, White Castle’s new restaurant prototype will include outdoor seating and flexible indoor-outdoor convertible dining areas. It will also be designed around a digital experience and “omnichannel customer journey,” to enhance mobile POS ordering and provide an interactive drive-thru experience. “We needed help creating a flagship White Castle experience as distinctive as the... read more
  • Talking Millennial Myths at the NRA Show June 1, 2017 - “Much of what you’ve heard about millennials is absolutely wrong,” said Jason Dorsey, a statement that caused many in the crowd, largely made up of restaurant owners, to sit up in their seats. Speaking today during the National Restaurant Association Show, Dorsey, co-founder of millennial and Gen Z research firm The Center for Generational Kinetics,... read more
  • Elephant Bar, Baker Bros. American Deli and Ruby Tequila’s Mexican Kitchen Have New Owners June 1, 2017 - The Chalak Mitra Group of Companies, which includes the Genghis Grill chain, announced the sale of three of its non-core brands — Elephant Bar Restaurant, Baker Bros. American Deli and Ruby Tequila’s Mexican Kitchen. Terms of the sale were not disclosed. The most recent completed sale was for the 10-unit Elephant Bar, which was sold... read more
  • Meritage Hospitality Group Inc. has made another major acquisition of Wendy’s locations June 1, 2017 - Meritage Hospitality Group Inc. has made another major acquisition of Wendy’s locations. The 57 fast food restaurant are in four southern states: Arkansas, Missouri, Mississippi and Tennessee. Neither the seller or the price Meritage paid were disclosed. “We are delighted to welcome 1,600 new employees from our expanded Wendy’s footprint across four states,” said Chief... read more
  • Restaurants of the Future will Stress Delivery, Sustainability, Experiences June 1, 2017 - What is the future of the restaurant industry? The answer will be driven by customers’ appetite for delivery, sustainability and increasingly experience-focused dining. That’s according to Michael Schaefer, the head of food and beverage research at Euromonitor International, who offered the predictions in a speech on the final day of the National Restaurant Association Show... read more
  • Thriving Texas Roadhouse Has Big Growth Plans for 2017 June 1, 2017 - Shares of Texas Roadhouse soared to record highs as investors digested the casual dining company’s better-than-expected first-quarter results. While Texas Roadhouse surprised analysts with the numbers, how it got there was far from complicated, executives explained in a conference call. “… we’ve just keep doing what we’re doing, which is [being] very protective of our... read more
  • Retail Woes Hit Cracker Barrel. Sales Fall as Customers Grow Accustomed to Markdowns June 1, 2017 - Not even the rocking chairs and knickknacks at Cracker Barrel Old Country Store Inc. are immune to the disease spreading through the retail sector. The Lebanon, Tenn.-based chain of roadside family-dining restaurants, which includes retail areas, said that same-store retail sales fell 4.7 percent in the third quarter ended April 28. That was considerably worse... read more
  • Richard H. Lynch Appointed Chief Executive Officer of Granite City Food & Brewery Ltd June 1, 2017 - Granite City Food & Brewery Ltd. announced that Richard H. Lynch (Dick), a member of its Board of Directors, has been appointed as the company’s Chief Executive Officer. Interim CEO, Rob Doran, will continue to serve as a member of Granite City’s Board of Directors. Lynch is a restaurant industry veteran who served as the... read more
  • Chipotle Names Scott Boatwright Chief Restaurant Officer June 1, 2017 - Chipotle Mexican Grill announced that it has hired Scott Boatwright as chief restaurant officer, a position where he will work with the company’s senior restaurant leadership team to oversee restaurant operations for Chipotle’s nearly 2,300 North American restaurants. Boatwright comes to Chipotle from Arby’s Restaurant Group, where he served as senior vice president of operations.... read more
  • CFO W. Douglas Benn to Retires From The Cheesecake Factory June 1, 2017 - The Cheesecake Factory Incorporated announced that Executive Vice President and Chief Financial Officer W. Douglas Benn will retire from the Company on July 7, 2017. He will be succeeded by Matthew Clark, who brings over 11 years of experience with the Company, most recently serving as Senior Vice President, Finance and Strategy.  “On behalf of... read more
  • LoneStar Restaurant Supply Still on the Rise June 1, 2017 - LoneStar Restaurant Supply, a division of ABC Hotel and Restaurant Supply, Inc., announced the promotion of Drew Mallett to Corporate Chef and appointment of industry veteran Ken Harrison as Business Development Manager. Drew Mallett is based out of the South Central Region of Texas and brings a unique combination of corporate and culinary experience. He... read more
  • Denny’s Names Michael Furlow CIO. Industry Veteran Comes from Red Robin Gourmet Burgers and Brews June 1, 2017 - Denny’s has named Michael Furlow, an industry veteran with more than 30 years of experience, as its new CIO and senior vice president of information technology. The move comes as Spartanburg, S.C.-based Denny’s puts more attention towards maximizing tech strategies. “Technology is critical to restaurants today, and Michael will be a welcome and instrumental member of... read more
  • Yum! Brands Announces Election of Chris Connor to Board June 1, 2017 - Yum! Brands, Inc. announced that Christopher M. Connor was elected to its Board of Directors at the Company’s annual meeting of shareholders. “Chris’ executive leadership and global retail experience make him a strong addition to the Yum! Brands Board,” said Robert Walter, Non-Executive Chairman of Yum! Brands. “We are thrilled to have Chris join us... read more
  • Global Foodservice Newsletter – March 1, 2017 Edition March 4, 2017 - March 1, 2017   The Owner of Burger King is Buying Popeyes for $1.8 Billion Restaurant Brands International Inc. and Popeyes Louisiana Kitchen, Inc. announced that the companies have reached an agreement for RBI to acquire Popeyes for $79.00 per share in cash, or $1.8 billion. The acquisition of Popeyes will add a successful, highly... read more
  • Commercial Food Service News – February 15, 2017 Edition February 15, 2017 - Yum China Opens First Taco Bell in Shanghai Yum China Holdings Inc. and Taco Bell Corp. on Monday officially opened the first China unit of the Mexican-inspired brand in Shanghai. The restaurant debuted near Shanghai’s landmark Oriental Pearl Tower in the Lujiazui area, the city’s central business district. “Leveraging our deep insights into Chinese consumer preferences,... read more
  • Global Foodservice News – December 1, 2016 Edition December 6, 2016 - The Legacy Companies to Acquire the West Bend Electrics Division of Focus The Legacy Products Companies (“Legacy”) and Focus Products Group International, LLC (“Focus”) announced today that they have entered into a letter of intent by which Legacy would acquire the West Bend Electrics division of Focus. Focus, founded in 2001, is a growth oriented... read more
  • Global Foodservice News – November 15, 2016 Edition November 14, 2016 - David Novak: Leaders Must Recognize and Praise their Teams Recognition is the secret weapon to winning in the hospitality business, according to David Novak. The co-founder and former CEO of Yum! Brands Inc. is an evangelist for employee motivation through praise. He delivered a keynote speech at the recent MUFSO conference. “Every leader casts a shadow,”... read more
  • Global Foodservice News – November 1, 2016 Edition November 1, 2016 - McDonald’s Turnaround Revs-up Abroad as Sales Top Estimates McDonald’s Corp. Chief Executive Officer Steve Easterbrook has more tricks up his sleeve than serving Egg McMuffins all day. A series of upgrades at the company’s international locations — including technological advances like self-service kiosks — boosted sales in some of the restaurant’s chains biggest markets abroad... read more
  • Global Foodservice News – October 15, 2016 Edition October 17, 2016 - CHEMSTAR completes acquisition of Sterilox Fresh; Announces Key Executives Chemstar Corporation announces that on October 7, 2016, it closed on the purchase of the assets of Sterilox Fresh, the leading manufacturer of electrolyzed water technologies for the supermarket retail and food service industries. The agreement for the purchase was previously announced on September 21, 2016.... read more
  • Global Foodservice News – October 1, 2016 Edition October 3, 2016 - Stuart Campbell Heads up Specifi’s Drive for UK Market Share Former CaterQuotes and Nayati executive joins Specifi in UK as vice president of international sales. Specifi LLC, a global leader in the provision of design and publishing tools to the Foodservice equipment industry, has appointed Stuart Campbell to the post of vice president of international sales.... read more
  • Global Foodservice News – September 15, 2016 Edition September 15, 2016 - Jimmy John’s Sells Majority Stake to Arby’s Owner Jimmy John’s is selling a majority stake to Atlanta private-equity firm Roark Capital Group. Terms were not disclosed. No management changes are planned as part of the deal, and the Champaign-based company’s founder, Jimmy John Liautaud, will remain chairman of the board. He will “continue to help... read more
  • Global Foodservice News – September 1, 2016 Edition August 31, 2016 - Filippo Berti Assumes Role of Chief Executive Officer for the Ali Group Effective September 1, 2016, Filippo Berti will assume the role of Chief Executive Officer for the Ali Group. As Chief Executive Officer, Filippo Berti will have responsibility for all of the Group’s operating companies worldwide. Luciano Berti will continue in his role as... read more
  • Global Foodservice News – August 15, 2016 Edition August 10, 2016 - Red Robin Names Denny Marie Post CEO Red Robin Gourmet Burgers Inc. has named Denny Marie Post CEO, replacing Steve Carley, who is retiring after six years at the helm, the company said. Post, who is also president of Red Robin, joined the company in 2011 as senior vice president and chief marketing officer. She... read more
  • Global Foodservice News – August 1, 2016 Edition August 3, 2016 - The Legacy Companies Announces Acquisition of Legion Industries The Legacy Companies announced that it has completed the acquisition of Legion Industries, based in Waynesboro, GA.   This is the third acquisition that the Company has made this year. In June, it bought out EdgeCraft; in July, it bought out Orien. Neal Asbury, CEO of The Legacy Companies, said,... read more
  • Global Foodservice News – July 15, 2016 Edition July 29, 2016 - Sysco Acquisition Expands Online Ordering for its Customers Sysco Corporation announced it has acquired Supplies on the Fly, an innovative e-commerce platform providing restaurant supplies and equipment exclusively to Sysco customers. The price of the acquisition was not disclosed. Headquartered in Kennesaw, Ga., Supplies on the Fly allows Sysco customers to place orders for more... read more
  • Global Foodservice News – July 1, 2016 Edition July 29, 2016 - This is America’s Favorite Fast Food Restaurant When it comes to America’s favorite fast food, chicken reigns supreme. Chick-fil-A is the highest ranking fast food restaurant in the country for customer satisfaction, according to the American Customer Satisfaction Index Restaurant Report 2016 recently released. The Georgia-based chicken chain took home the top spot by a... read more
  • Global Foodservice News – June 15, 2016 Edition June 29, 2016 - The Legacy Companies Announces Acquisition of Chef’sChoice The Legacy Companies announced that it has completed the acquisition of EdgeCraft Corporation, manufacturer of the Chef’sChoice brand, based in Avondale, PA. Founded in 1984, EdgeCraft Corporation introduced the Chef’sChoice brand with the debut of its first electric knife sharpener in 1985.  Today, Chef’sChoice is available in over 80 countries... read more
  • Global Foodservice News – June 1, 2016 Edition June 29, 2016 - Dorian Drake’s Founder Passes Away at 92 Ed Dorian Sr., Dorian Drake’s founder and former chairman, passed away on Wednesday, April 20th following a long battle with cancer. He was 92. The creation of Dorian International, and the subsequent purchase of Drake America, were major milestones in Ed Sr.’s long and richly varied business career.... read more
  • May 3, 2016 May 3, 2016 - Jersey Mike’s Shows Off ‘Sub Above’ Attributes in New Push The expanding chain, which began in 1956 as a single Mike’s Subs shop in Point Pleasant, N.J., is building on its “A Sub Above” tagline with a new campaign called “The Sub Above Difference.” In one of the first new commercials, Jersey Mike’s makes a... read more
  • April 1, 2016 April 1, 2016 - Yum Might Sell Stake in China Business Yum Brands Inc. might sell a 20-percent stake in its China operations as part of an upcoming spin-off, the Wall Street Journal reported. According to the report, Yum is in talks with private-equity groups in the hope of selling a 19.9-percent stake in the business to avoid a... read more