| Threshold for joining KFC to drop to 2 mln yuan |
| Thursday,November 16,2006 Posted: 07:17 BJT(2317 GMT) Xinhua |
BEIJING, Nov. 15 -- U.S. fast food giant Kentucky Fried Chicken (KFC) plans to lower the threshold for its franchise in China and maintain the current development pace, according to KFC owner Yum Brands Inc. Sam Su, president of Yum Brands Inc. China, said the threshold for joining KFC would possibly drop from eight million yuan (one million U.S. dollars) to two million yuan, The Beijing News reported on Wednesday. "We'll continue opening our door, and more partners will enter," Su was quoted as saying. The competition in big cities like Beijing and Shanghai has intensified between KFC and its rival McDonalds. The two U.S. fast food chains have begun to eye medium and small-sized cities in China. KFC has opened more than 40 outlets in China this year, bringing its total to more than 1,700. Vice president of Yum Brands Inc. China Wang Qun said KFC planned to open around 400 outlets in China annually. KFC also planned to initiate an outlet in Tibet in far southwest China. |
All articles marked with "Article type: Original" posted on the website of the Ministry of Commerce and its sub-sites are copyrighted by this Website and its sub-sites. Any reproduction or use by any other websites, media or individuals must be attached with a clear indication of "Source: Ministry of Commerce Website".
All articles posted on this website or its sub-sites marked with "Article type: reproduced" or "Article type: translated" and "Article type: redistributed" come from other media, and are provided solely for the user's information, which does not mean this Website or its sub-sites endorse the ideas thereof or assume any legal liability or responsibility for their authenticity. Any other media, websites or individuals must maintain the source of information indication on this Website or its sub-sites when using the information, and shall assume legal liability for the use.
