Moody’s Cuts Corporate Debt Outlook to Negative
The Fed's unusual intervention in the market will help but "is unlikely to prevent distress at businesses with less certain long-term viability."
Yum Brands to Buy Habit Burger Grill
The KFC and Taco Bell owner is moving into fast-casual with its acquisition of the burger chain’s parent company.
Yum Brands Names PepsiCo’s Chris Turner CFO
“We are confident that Chris’ commercial experience with iconic consumer-oriented companies ... will prove instrumental as we drive global growth."
CFOs on the Move: Week Ending Feb. 1
Tesla, Snap, Yum Brands, Reading International, Welty Building, GlobalLogic, NextEra Energy, USA Technologies, Horizon Global
Yum Brands Beats Earnings; Pizza Hut Sales Flat
Strong sales at KFC and Taco Bell offset a disappointing quarter for the struggling pizza chain.
Starbucks Names Hyatt’s Pat Grismer as CFO
The veteran finance executive has extensive restaurant experience, including nearly four years as CFO at Yum Brands.
Yum Brands Posts 2% Same-Store Sales Gain
“The fourth quarter was a solid ending to a year where Yum Brands met or exceeded each component of our full-year guidance,” CFO David Gibbs says.
Chinese Investors Bet $460M on Yum Spinoff
The owner of KFC is partnering with Primavera Capital and an Alibaba affiliate to make Yum China an "independent restaurant powerhouse."
CFOs on the Move: Week Ending April 29
Hilton, Yum Brands, First Solar, Colonial Life, Brixmor Property Group, Energy Trust of Oregon, CoreLogic, Ampco-Pittsburgh, Captain D's, NN
CFOs on the Move: Week Ending December 11
Marriott International, Yum! Brands, Allianz Life of North America, Santander Consumer USA, The Medicines Co., RigNet, Douglas Emmett Inc., Donaldson Co.
Yum Brands Splitting Off Its China Business
Yum China will operate as a franchise, paying Yum Brands a percentage of its sales for brand rights.