Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, January 18, 2011

Yum puts Long John Silver's and A&W up for sale, (NYSE: YUM)

Yum Brands Inc (YUM.N) has put its Long John Silver's and A&W All-American Food Restaurants up for sale as it focuses on growth in China and other international markets, the company said on Tuesday. Yum, which gets the majority of its profits from outside the United States, wants to build more KFC, Pizza Hut and Taco Bell restaurants in Europe, Asia and Africa. [ID:nN08114643] A&W and Long John Silver's have minimal international exposure and account for just 1,630 of Yum's more than 37,000 restaurants globally.

Source