China Makes a Run for The Border
As we mentioned in the 26th volume of our dividend letter, Yum! Brands (YUM) would eventually start opening Taco Bells up in China. The first one will open up this year.
Yum Brands Inc, the owner of the KFC and Pizza Hut chains, said it will open its first Taco Bell restaurant in China by the end of 2016.
The first outlet of the Mexican food chain would open in Shanghai, Chief Executive Greg Creed said at a consumer and retail conference in New York on Tuesday.