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Yum Brands Plans to Double African KFC Outlets by 2014, WSJ Says

Dec. 8 (Bloomberg) -- Yum! Brands Inc. plans to double the number of its KFC outlets in Africa to 1,200 by the year 2014, as it aims to double revenue on the continent to $2 billion, the Wall Street Journal reported, citing Chairman and Chief Executive Officer David Novak.

Novak cited improved political stability and a growing African middle class as key reasons for targeting the area, the newspaper said.

Story link: {NSN LD3FCN6MBOQP<GO>}

To contact the editor responsible for this story: Chris Peterson at cpeterson@bloomberg.net

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