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
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