Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Yum! Brands, Inc., Yam Brands is an American food service corporation.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back
Revenue, mln.USD
193
Staff
14000
Glob.Revenue, mln.USD
6584
The Company Statement
July 05, 2022

Suspending all investment and restaurant development in Russia. Profits from Russia redirected to humanitarian efforts. Donation $1M to Red Cross and employee matching funds to other humanitarian organizations. Pizza Hut has 50 company owned locations. KFC is suspending 70 locations; over 1000 franchisee owned locations will remain open.

https://ria.ru/20220309/restoran-1777286557.html
https://www.verdictfoodservice.com/news/yum-brands-kfc-russia/
March 08, 2022https://www.yum.com/wps/portal/yumbrands/Yumbrands/news/press-releases/yum+brands+is+suspending+operations+of+kfc+company-owned+restaurants+in+russia+finalizing+agreement+to+suspend+all+pizza+hut+restaurant+operations+in+russia
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