Yum Brands to Separate China Business After Three Decades

  • Slowing Chinese economy, food scandal triggered activist calls
  • Company plans to return `substantial capital' to investors

Yum Brands Heeds Hedge Fund Call to Spinoff China

Yum! Brands Inc. bowed to activist-investor pressure and agreed to separate its China business from its U.S. operations, the biggest shake-up at the company since it was spun off from PepsiCo Inc. almost two decades ago.

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