Yum! Brands Inc. has struck a deal with China Petroleum & Chemical Corp. that will allow additional restaurant openings for KFC, Pizza Hut and Yum’s proprietary East Dawning brand in Sinopec gas stations.
Yum currently has seven restaurants located in Sinopec stations in Shanghai, Shandong, Fujian, Guangdong and Shenzhen. The deal would allow the Louisville, Ky.-based company to open 50 more restaurants in Chinese gas stations over the next five years. There are more than 30,