Yum! Brands Inc. to spin off China business

Yum! Brands Inc. to spin off China business

Yum China will operate as an independent franchisee

Yum! Brands Inc. announced Tuesday plans to spin off its China business as an independent franchisee of the company by the end of next year, just as pressure from investors had been building following two years of significantly challenged sales in the fast-growing country.

The deal would separate the Chinese restaurant operations, where Yum runs restaurants and builds them at an extraordinary rate, from a company that otherwise franchises elsewhere in the world. The deal is expe

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