Yum tweaks China growth plans, targets more Pizza Huts

KFC and Pizza Hut parent Yum Brands said it is rethinking where it opens new restaurants in China and accelerating openings of its high-margin pizza chain in that country, where business has slowed and competition has grown.

China remains the world’s fastest-growing major economy even though growth has cooled. Restaurants and retailers are flocking to its top cities, contributing to a spike in rents and labor costs that have bitten Yum’s restaurant profits.

via Business feed http://www.scmp.com/business/companies/article/1099797/yum-tweaks-china-growth-plans-targets-more-pizza-huts