Yum has over 70 KFCs and 160 Pizza Hut units in India. It recently opened its first Taco Bell outlet in March.
Yum reduced the number of restaurants in India by 14 in the September quarter from the preceding quarter to 811.
India is likely to see the addition of at least 400 restaurants, fast food outlets and coffee joints in 2008. Food chains such as Yum Brands, McDonald's, Domino's and Caf Coffee Day have earmarked an estimated investment of over Rs 300-400 crore (Rs 3 to 4 billion) this year in expanding their retail presence across the country.
After McDonald's, Yum!'s dining chain will be the second fast-food brand to open in-store cafes to improve sales.
Quick service restaurant Pizza Hut on Wednesday said it has partnered with Hindustan Unilever to add the FMCG firm's Kwality Wall's ice cream and desserts to its dine-in as well as the delivery and takeaway menu. With this partnership, Pizza Hut expects to increase its average order value by 10 per cent for orders that have Kwality Wall's ice cream and desserts, a joint statement said.
Taco Bell operates through over 500 restaurants in 30 countries outside the US. In the US, it has around 7,000 restaurants.
Several industry verticals such as food and beverage, education, fashion and tourism are leveraging their growth by franchising their products under various formats.
Reliance Retail has entered the Indian fast-moving consumer goods space as it takes its private label brands, sold at its supermarkets and hypermarkets, Reliance Fresh and Reliance Smart, to general trade. The company had internally set a target of Rs 50,000 crore turnover from the FMCG business, which will fall under Reliance Retail's consumer brand division. Business Standard accessed a presentation which includes the brands it has taken to the general trade.
Exiled Tibetan spiritual leader the Dalai Lama has told the Kentucky Fried Chicken fast food chain to stay out of Tibet over alleged cruelty to animals, an animal rights group said on Thursday.
'We deeply apologise for a post that was published on some KFC social media channels outside the country. We honour and respect India, and remain steadfast in our commitment to serving all Indians with pride,' according to a message on KFC India official account on Twitter.
If you have a strong argument going for you, it's better to go out and take the charges head-on because silence could easily be construed as an admission of guilt.
Food safety has hit headlines in India after government food safety inspectors found excess lead in packets of Nestle's Maggi instant noodles.
The development comes amid Japan's SoftBank booking an investment loss of 39.28 billion yen (USD 350 million) on its investments in India, including those in Ola and e-commerce company Snapdeal.
Organised players have been the biggest beneficiaries after the lockdowns were lifted. Given real estate is not as expensive now, players want to take advantage of the trend.
He has drawn fresh strategies to take his businesses to the next level.
Kataria, 49, an IIT-XLRI alumnus, was quick to implement a number of initiatives during the Covid-19 crisis including launching D2C initiatives such as mobile stores, WhatsApp messaging, video calling and home deliveries. Kataria was also swift to recognise that stay-at-home consumers were keen to buy informal rather than formal footwear, launching new collections quickly to take advantage of this trend, says Viveat Susan Pinto.
Burger King's entry is expected to heat up the burger chain market in India, dominated by McDonald's.
Though some sponsors of Australian cricketers have pulled individual sponsorship deals, the decision by Magellan suggests the financial impact of the episode will go to the core of a sport seen by many Australians as the embodiment of fairness.
Last year, Yum! Restaurants, the company that owns the brand that retails a range of fast foods, decided to extend the KFC brand concept to beverages, with Krushers, a range of chilled drinks. India was one of two test markets selected for this exercise, Australia being the other.
Lift up your mood with a warm cup of red chilly hot chocolate.
Yum! Restaurants International, a $8 billion global restaurant company with franchisee brands like KFC and Pizza Hut, on Thursday said it would open as many as 50 new restaurants in the country to expand India operations.
The best summer foods of India
The brand which has been endorsed by the likes of Paris Hilton, Kim Kardashian and Padma Lakshmi will open the first outlet in New Delhi next April.
Add more fun to your Christmas weekend.
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
India's plant-based meat market is estimated at $30-40 million, largely driven by consumer packaged food. The market size in India is likely to touch $500 million in three years.
Analysts say aggressive pricing by Pizza Hut signals weakening demand in the fast food segment and could intensify competition.
This versatile Thai red curry takes any kind of vegetable or protein in it and is served with steamed rice and garnish.
Every aspect of Navratri is associated with delectable dishes that are relished across the country during these divine nine days -- from lip-smacking savouries to wholesome sweets.
Cheetos has opened up the world's very first Cheetos Museum, giving Cheetos devotees a place to check out some unique Cheetos and Cheeto-themed exhibits. Check out this tasty museum!
Among the top 10 fastest growing consumer brands in the country, Yellow Diamond leverages the growing preference for local flavours in the snacks market, says Samreen Ahmad.
'The best way to make an impact in this market is by focusing on three things: Unmet customer need, unarticulated customer need, and emerging customer need,' Metro's Arvind Mediratta tells Sangeeta Tanwar and Alokananda Chakraborty.
Many app makers have stopped work on their projects or abandoned them, mostly because of the lack of customers or limitations of the device.
Satya Nadella is the highest-paid CEO in the US. So how do the other Indian-American executives fare?
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