May. 10, 2012 (China Knowledge) – U.S. fast food giant Yum! Brands Inc., yesterday inked a cooperation agreement with Suning Appliance Co Ltd<002024
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According to the agreement, the U.S. fast food giant will set up its brand restaurant such as KFC, Pizza Hut, East Dawning and Little Sheep in Suning appliance stores across the country.
Yum! Brands Inc., now owns over 5,000 restaurants with various brands in China, and aims to open more 150 units in the next five years.
Zhu Zongyi, CEO of Yum! Brands Inc., China division, said that the cooperation can take full advantage of both sides, and it will further meet consumer needs.
As of the end of last month, Yum! Brands Inc., has set up 17 restaurants in Suning appliance stores in China.