On July 25 Yum Brands, Inc. [NYSE:YUM] announced that it has appointed two chief executive officers for its Taco Bell and Pizza Hut divisions. In a structural change of its leadership, each of Yum’s three brands of Taco Bell, Pizza Hut and KFC will now be led by a chief executive officer.
Just a year ago, in January 2018, Pennsylvania-based 5171 Campbells Land Co. LLC bought 27 Perkins restaurants in Pennsylvania, New York and Ohio from bankruptcy court for $7.8 million. The purchase made the franchisee one of Perkins' largest.
Tim Hortons' U.S. franchisee association, the Great White North Franchisee Association USA (GWNFA USA), has stated that they have no comment on the recent revisions to their lawsuit for fear of retaliation from their Canadian-based franchisor. And no wonder!
Saturday, July 6, is National Fried Chicken Day. If that gets you wondering how the different chains stack up, one man has rated the tastiness of the output of mostly well-known brands, beginning at okay and running up the ladder to what he says is the best.
According to the March 2019 edition of CBRE’s Hotel Horizons forecast report, RevPAR growth for the U.S. lodging industry will be limited to under 2.5 percent through 2020. Further, CBRE is projecting a 0.6 percent decline in RevPAR for 2021 as CBRE expects the economy to slow down during the year.