Yum China: appoint Huang jinshuan as the first chief customer officer and Wang Tao as the general manager of KFC

Chinese Restaurant Brands Going Global: What Keeps Customers Coming Back After the Opening?

How long can the queues outside a brand’s first overseas store last? And how many customers drawn in by the novelty will become regulars? For Chinese restaurant brands expanding internationally, opening a store is only the beginning of the challenge of building a local business and retaining customers.

Midea Completes Controlling Acquisition of Italian Medical Imaging Firm Esaote

Midea Group (美的集团) completed its acquisition of a controlling stake in Italian medical imaging company Esaote S.p.A. (百胜医疗) on October 9, the companies said. Esaote will join Midea Healthcare while continuing to operate as an independent business headquartered in Genoa, with research and manufacturing facilities in Italy and the Netherlands.

ANTA Sports Becomes PUMA’s Largest Shareholder in €1.51 Billion Deal

ANTA Sports Products Limited（安踏体育用品有限公司）completed its acquisition of a 29.06% stake in PUMA SE on October 7, paying €1.5055 billion in cash to Artémis SAS, the investment company of the Pinault family. The transaction makes ANTA PUMA’s largest shareholder and gives the Chinese sportswear group a significant stake in a major European brand, while leaving PUMA independently governed.

YUMC: Digital Order and Food Delivery Business Boosts Sales in 3Q 2020

Yum China performed well in the third quarter as the catering industry was still working its way through a trough.

YUMC's Revenue Down 11% YoY in 2Q2020, of Which KFC Falls 10%

"Although the COVID-19 has brought uncertainty to the company's business, YUMC's footprint is expanding," said Joey Wat, the CEO of YUMC.