Yum! Brands Announces Intention to Separate into Two Publicly Traded Companies

October 20, 2015

China Division to Become Independent Company Focused on Growth in Mainland China

Yum! Brands to Become Global “Pure Play” Franchisor with Three Iconic Brands

Louisville, KY  (RestaurantNews.com)  Yum! Brands, Inc. (NYSE: YUM) today announced that it intends to separate into two independent, publicly-traded companies, each with compelling and distinct strategies and investment characteristics. The transaction will create two powerful, best-in-class companies, each with a separate strategic focus:

Yum! China, a market leader with decades of accumulated consumer loyalty and world-class operations in China, will become a franchisee of Yum! Brands in Mainland China. It will have exclusive rights to three…