Yum China Holdings, Inc., Shanghai, China, completed its separation from Yum! Brands, Inc., Louisville, Ky.
"After 30 years in China, we are incredibly excited to begin a new chapter as an independent company focused on growth in China," says Micky Pant, chief executive officer of Yum China. “China presents an outstanding opportunity for high-quality restaurant concepts with unprecedented urbanization, a rapidly growing middle class and ongoing investment in world-class infrastructure. With exclusive rights in mainland China to the iconic global brands—KFC, Pizza Hut and Taco Bell—ownership of two unique local brands and a presence in more than 1,100 cities, we are well positioned to take advantage of this opportunity. As an independent company, we will maintain our focus on China by increasing our investment in new stores, innovative menu offerings, digital engagement and delivery to further grow our brands across the country. This will enable us to provide delicious food to more customers, deliver even greater opportunities for our employees and partners and generate long-term value for our shareholders."