The leading fast-food company Yum China Holdings, Inc. announced that it has completed the acquisition of a controlling interest in a leading Chinese-style casual dining franchise business of Huang Ji Huang group.
Huang Ji Huang was founded in 2004 in Beijing. At present the company has more than 640 restaurants in China and globally. The group operates primarily under a franchise model and its brand portfolio consists of “Huang Ji Huang,” an industry-leading simmer pot brand, as well as “San Fen Bao,” a newly launched Chinese fast food concept in China. With this acquisition Yum China will establish a Chinese Dining Business Unit comprising three core Chinese dining brands, Little Sheep, East Dawning, and Huang Ji Huang.
In February 2020, Yum China Holdings in response to the outbreak of novel coronavirus (COVID-19), it announced that it has been actively mobilizing resources in a multi-pronged strategy. The company has donated funding, free meals, and volunteer time to support medical workers on the frontline.
About Yum China
Yum China, headquartered in Shanghai, is a one of the largest restaurant company in China. The company has approximately 9,200 restaurants in around 1,300 cities of the world. The company has exclusive rights in mainland China to KFC, China’s leading quick-service restaurant brand, Pizza Hut, the leading casual dining restaurant brand in China, and Taco Bell, a California-based restaurant chain serving innovative Mexican-inspired food. The company has approximately 450,000 employees across the world.