Company puts Long John Silver's, A&W on the block
Yum! Brands Inc. should gain a tighter focus on its largest, core brands and their growth potential with the sale of Long John Silver’s and A&W All-American Food, two chains that have been stagnant for years, analysts said. After news of the proposed deal or deals hit Tuesday morning, analysts noted that the sell off should have no real impact on the Louisville, Ky.-based company’s financial outlook, from earnings to cash flow. Any proceeds from the divestures would cancel ...
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