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Fast food rivals expand, hitting Yum sales in India

Fast food rivals expand, hitting Yum sales in India

As Indians start to spend more, competition is heating up, with foreign chains like Burger King, Wendy's, Carl's Jr. and Johnny Rockets setting up shop in the last year. Aggressive expansion by foreign rivals is eating into sales at Yum Brands Inc in India, and there is little letup in sight for its KFC and Pizza Hut restaurants that are struggling to keep pace.   India accounts for only about one per cent of Yum's global sales, but Asia's third-largest economy is a key growth market ..., 1 month ago
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