LOUISVILLE Ky. Yum! Brands Inc. said Tuesday it would pay $63 million to purchase a 20-percent stake in Little Sheep Group Ltd., a China-based operator of 375 “hot pot” restaurants. The transaction, expected to close this summer, could extend Yum’s long-term growth prospects in China should the company pursue a controlling stake in Little Sheep, according to securities analyst David Tarantino at Robert W. Baird & Co. Already Yum garners 28 percent of its annual revenue from its ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.

 

Attention Print Subscribers:  While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
 

Questions about your account or how to access content? 

Contact: Brian Galletta (813) 627-6722 Brian.galletta@penton.com or Desiree Torres (813)-627-6792 Desiree.Torres@penton.com

Already registered? here.