Latest Milestone Spotlights India's First KFC Krushers Flagship
Store-in-Store Concept
LOUISVILLE, Ky.--(BUSINESS WIRE)--
Yum! Brands, Inc. (NYSE: YUM) announced the grand opening of its 13,000th
restaurant outside the U.S. and China by its international division,
Yum! Restaurants International (YRI), reinforcing the strength of the
Company's global portfolio of brands and growth in key emerging markets.
The new restaurant, located in New Delhi, is the first KFC in India to
feature a Krushers beverage bar and store design highlighting YRI's
popular new line of cold and hot drinks.
"The enormous popularity of KFC and Pizza Hut has never been more
evident as we continue to expand our system around the globe," said
Graham Allan, president, Yum! Restaurants International. "It is fitting
we are opening our 13,000th restaurant (outside of the U.S.
and China) in India, one of the world's most dynamic markets with huge
growth potential."
The Company's latest opening is India's first KFC with a Krushers
store-in-store concept offering a range of cold and hot beverages that
includes yogurt and fruit smoothies, dairy-based and soda-based drinks.
The Krushers line of beverages, which is customized for each market, is
the largest beverage launch in YRI's history. The Company will have
Krushers in at least 2,000 restaurants by year-end 2009, with plans to
expand to 5,000 restaurants in 2010. Krushers first launched in
Australia and is currently located in 19 markets across the globe,
including Brazil, the Philippines and the Middle East.
Over the past 11 years, Yum! has become the largest and fastest growing
restaurant company in India. As of the third quarter 2009 earnings, the
Company has 153 Pizza Huts in 34 cities and 49 KFCs in 11 cities. In
June, the Economic Times (India) named Pizza Hut the most trusted
food service brand in the country for a fifth year, demonstrating the
brand's popularity in a market with a large middle class population.
"By 2015, we expect to have at least 1,000 restaurants in India, up from
just over 200 today," said Niren Chaudhary, managing director, Yum!
Restaurants International India. "The number of people who can afford
our food will reach 200 million people within five years and we are very
excited about serving Pizza Hut, KFC and soon Taco Bell to them."
YRI is the largest division of Yum! Brands with 13,000 restaurants
outside the U.S. and China Division (including Thailand KFC and Pizza
Hut and Taiwan KFC). One of Yum! Brands' four key business strategies is
to drive aggressive international expansion and build strong brands
everywhere. In 2008, operating profit for YRI was $528 million. The year
2008 also marked the eighth year that YRI has opened more than 700 new
restaurants outside the U.S. and China.
Yum! Brands, Inc., based in Louisville, Kentucky, is the world's largest
restaurant company in terms of system restaurants, with more than 36,000
restaurants in over 110 countries and territories. The company is ranked
#239 on the Fortune 500 List, with revenues in excess of $11 billion in
2008. Four of the company's restaurant brands - KFC, Pizza Hut, Taco
Bell and Long John Silver's - are the global leaders of the chicken,
pizza, Mexican-style food and quick-service seafood categories,
respectively. Outside the United States, the Yum! Brands system opened
more than four new restaurants each day of the year, making it a leader
in international retail development. The company has consistently been
recognized for its reward and recognition culture, diversity leadership,
community giving, and consistent shareholder returns. In 2007, the
company launched World Hunger Relief, the world's largest private sector
hunger relief effort to raise awareness, volunteerism and funds to
benefit the United Nations World Food Programme (WFP) and other hunger
relief agencies. To date, this effort has raised $36 million for the WFP
and other hunger relief agencies and is helping to provide 160 million
meals and save the lives of about 4 million people in remote corners of
the world, where hunger is most prevalent.
Source: Yum! Brands, Inc.
Contact: Yum! Brands
Virginia Ferguson, 502-874-8200