Yum Brands to have 1,000 restaurants in India
16 Nov 2009
Yum Brands Inc, owner of the KFC, Taco Bell and Pizza Hut fast-food chains, wants to have about 1,000 restaurants in India generating sales of $1 billion by 2015, the head of its Indian operations said.
At present, Yum operates about 150 Pizza Hut stores and about 65 KFC stores in Inida.
Niren Chaudhary, MD for Yum, said, the company would invest about $150 million to increase the number of restaurants, expand its footprint to about 60 cities and increase staff levels five times to about 50,000.
By 2015, Yum wants to be a billion dollar company with 1,000 restaurants.The eating-out market is $64 billion, out of which branded food is less than one per cent.
Yum competitors include McDonald's, Domino's, Pizza Corner and local brands such as Nirulas and Haldiram in India's organised food and beverage retail sector.