Yum! Brands to Sell Long John Silver’s and A&W All-American Restaurants to Key Franchisee Leaders
Yum! Brands has signed definitive agreements to sell Long John Silver’s, Inc. and A&W Restaurants, Inc. to two separate buyers led by key franchisee leaders. Both sales are subject to customary closing conditions.
“We are pleased to announce that we have identified strategic buyers who are passionate about these two great restaurant brands and committed to their growth potential,” said David C. Novak, Yum! Brands, Inc. Chairman and Chief Executive Officer. “As we continue to sharpen our long-term growth focus on international expansion and improving our US brand positions in KFC, Pizza Hut and Taco Bell, Long John Silver’s and A&W no longer fit our long-term growth strategy.”
The Company does not expect the sales to have a material impact to its ongoing earnings or cash flow. Both transactions are expected to close in the fourth quarter. Goldman, Sachs & Co. acted as exclusive financial advisor to Yum! Brands on the transactions.
Long John Silver’s will be acquired by LJS Partners LLC, led by a consortium of prominent franchisee leaders and other investors.
A&W will be acquired by A Great American Brand LLC, led by a franchisee leader with substantial interests in international A&W restaurants and the National A&W Franchisees Association representing U.S. A&W restaurant operators.
Yum! Brands, Inc., based in Louisville, Ky., is the world’s largest restaurant company in terms of system restaurants with approximately 38,000 restaurants in more than 110 countries and territories. The company is ranked #214 on the Fortune 500 List, with revenues of more than $11 billion in 2010. Four of the company’s restaurant brands – KFC, Pizza Hut, Long John Silver’s and Taco Bell – are the global leaders of the chicken, quick-service seafood, pizza and Mexican-style food categories. A&W Restaurants is the longest running quick-service franchise chain in America. Outside the United States, the Yum! Brands system opened approximately four new restaurants each day of the year, making it a leader in international retail development. The company has consistently been recognized for its reward and recognition culture, diversity leadership, community giving, and consistent shareholder returns.
REDWOOD CITY, Calif. (RestaurantNews.com)
KFC is promoting their 100% breast meat
Unlike some nuggets that have been pressed or formed, each piece of KFC’s Popcorn Chicken features 100 percent off-the-bone premium breast meat chicken. Perfectly sized for eating on the go, each and every piece of Popcorn Chicken stays true to the commitment and high standards set by the Colonel decades ago.
Southern Californians don’t have to wait until London 2012 to get their dose of Olympic competition. Beginning Wednesday, KFC Southern California is putting its best to the test in a KFC Olympics to determine the best chicken cooks in the Southland.
Yum! Brands, the world’s largest restaurant company and parent of KFC, Pizza Hut and Taco Bell, announced today that it is directing the first $1 million from its World Hunger Relief global effort to provide food to families affected by hunger and suffering the effects of drought in the Horn of Africa. The funds will help the United Nations World Food Programme (WFP) feed those in urgent need of food assistance.
Thirty years after Colonel Harland Sanders left his legacy as the iconic founder of Kentucky Fried Chicken, the brand is reinvesting in his image and memory via a website designed to reach a new generation.
McDonald’s popular slogan may be “lovin’ it” but consumers beg to differ, the fast food icon was joined by Burger King, KFC and Taco Bell among the lower ranked chains in Consumer Reports first ever major fast food ratings.
Big, juicy news out of Louisville today: KFC, the world’s most popular chicken restaurant chain, is relaunching Kentucky Grilled Chicken. Following its introduction in 2009, KFC’s grilled option quickly became a customer favorite while changing the quick service restaurant landscape.
KFC has selected Orlando, Fla. KFC cook Aaron Person as the company’s first-ever Chief Chicken Officer, a newly created position designed to serve as spokesman for the rollout of the restaurant chain’s new Cook Certification Program. Thousands of KFC cooks across the country will participate in this initiative as the chain works to ensure each and every restaurant location continues to maintain the quality Colonel Sanders demanded more than 70 years ago.
Yum! Restaurants International, Canada and its KFC brand has found a new soul mate in its most recent Canadian franchise partner — Soul Restaurants Canada Inc. (“Soul Canada”), an affiliate of Soul Foods Group, which has a 30 year successful track record with the KFC brand.



















