Investment firms might be wanting to acquire Yum China Holdings Inc., the NYSE-listed operator of KFC and Pizza Hut in mainland China, according to some reports.
China’s Hillhouse Capital Group is reportedly eyeing the fast-food operator as suggested by three people familiar with the matter, according to a report by The Information. Another report by Bloomberg suggested that global investment firm KKR & Co. is also exploring takeover possibilities according to some people who asked not to be identified because details are private. However, reports suggest that talks are still in their nascent stages and no one could confirm if there would eventually be a deal or not.
Yum China operates more than 8,100 restaurants in over 1,200 cities and towns across mainland China. It spun out of China’s Yum! Brands less than two years ago. Yum China has been challenged by less-than-expected sales growth in recent times, despite the firm’s introducing mobile app features and other marketing strategies.