Pizza Hut

Gulf investors to acquire stake from Kuwait’s Americana at $1.7 bln

The Gulf establishment, Adeptio LLC has approached Kuwait's fast-food chain, Americana, for buying out the 66.8% controlling stake held by the Al Kharafi family valued at $1.7 billion. Currently, the investor is conducting the due diligence but the final outcome will be based on the approval of the Americana franchisers.

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Yum China spinoff becoming more probable: J.P. Morgan

The likelihood is growing that Yum Brands Inc (YUM.N) will spin off its China business, J.P. Morgan said in a client note, upgrading the company's shares to "overweight" from "neutral".

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Third Point takes stake in Yum! Brands, stock climbs

Billionaire investor Daniel Loeb said on Friday his hedge fund has taken a new position in Yum! Brands (YUM.N), sending the fast-food restaurant company's stock up nearly 7 percent.

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KFC faces pressure after McDonald's says no antibiotics in chicken

KFC, the world's largest chain of fried chicken restaurants, may face pressure from consumer and environmental groups to change how its poultry are raised after McDonald's Corp (MCD.N) said it would switch to chicken raised without human antibiotics.

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Pizza Hut offers to rehire manager who refused to open on holiday

A store manager of a Pizza Hut franchise in Indiana is mulling over a rehire offer from the worldwide pizza chain after he was fired for refusing to open the restaurant on Thanksgiving Day.

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