Colonel Sanders may evoke visions of deep fried chicken in a bucket, but KFC is hoping his brand clout will help woo a younger, burrito-loving crowd to an entirely new restaurant concept from KFC Canada.
The purveyor of the fat-engorged Double Down sandwich will debut its new banner, KFC Select, next month in Toronto, aimed at consumers drawn to fresher fast food fare from Subway and so-called “fast casual” chains like Mucho Burrito and Chipotle Mexican Grill.
World Market Pulse submits:Like it or hate it, but you cannot ignore China in almost all sectors of international business and trade. For its sheer size of its vast population, China continues to be the prime mover of a lot of segments. Even as China offers a good incentive for investors and organizations to tap the Asian markets, there are a lot of headwinds associated with China, which have been on the rise in the recent past. Testimony to the fact is the growth of Yum Brands Inc.
[AP] - Yum Brands Inc., the owner of the Pizza Hut, Taco Bell and KFC fast-food brands, said Tuesday that its third-quarter profit grew 7 percent on the strength of surging overseas sales, mainly in China.
[AP] - Yum Brands Inc., owner of the Pizza Hut, Taco Bell and KFC chains, said Tuesday third-quarter profit that beat Wall Street estimates as strong sales and restaurant growth in international markets offset another sluggish showing in its U.S. business.
Indian Oil & Natural Gas Corp announced 17% drop in fiscal Q3 profit, while stocks gained 15% in 2013. Yum Brands Inc. plans to open between 60 and 70 new KFC restaurants in Russia. Apple will open its third research and development center in Israel. Gregg Lemkau is the new head of Goldman Sachs’s Global Mergers and Acquisition Team.