ND1130114

Title: Yum! Brands to Open Restaurants in Sinopec Gas Stations

Description: The company inked an agreement with China-based Sinopec this month.

Page Content:

BEIJING ? Yum! Brands will be expanding their presence in China through an agreement to open KFC and Pizza Hut restaurants in Sinopec gasoline stations, Nation?s Restaurant News reports.

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The company currently operates seven of its 4,000 China restaurants in Sinopec stations. The new deal specifies that Yum will open 50 additional locations in the stations during the next five years.

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?The cooperation between Yum! and Sinopec will propel the development of a new commercial service model in gas stations and expressway service stations,? said Mark Chu, president of Yum?s China division, in a statement. ?Different from previous cooperative models, the collaboration between Yum and Sinopec is a flexible and diversified framework agreement open to our various brands. Yum will select appropriate brands for different gas stations according to their unique features, so that the newly-built restaurants can meet the needs of Sinopec locations.?

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Yum?s China division also has part ownership of the Little Sheep casual-dining restaurant, and is working to fully acquire the 480-unit chain. Yum has mostly Pizza Hut and KFC restaurants in China, as well as running its East Dawning fast-food restaurant chain.

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Content Subject: Foodservice, International

Formatted Article Date: November 30, 2011

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