Category Archives: Money

Yum! Brands Will Sell Most Stores to Franchisees

Yum! Brands (NYSE: YUM), the parent company of Taco Bell, KFC, and Pizza Hut, plans to more or less get out of the business of owning stores. The company has decided to sell most of its company-owned restaurants-- about 2,000 in all -- to franchisees as part of an overall effort to trim $300 million in general and administrative spending by 2019.