Yum!, McDonald's seek buyers for China assets as tastes shift
Novelty factor wearing off, and more consumers now prefer healthier options and Chinese-style food chains
Fri, Aug 05, 2016 - 5:50 AM
Investor interest in McDonald's China operations has been tepid, with a few potential bidders turned off by strict deal conditions.
WHEN it comes to China's multi-billion-dollar fast-food industry, Yum! Brands Inc and McDonald's Corp are living large, enjoying a combined 38 per cent share of the market in 2015. Yum's KFC restaurant chain and the Golden Arches have long enjoyed a run of super-sized growth as...