Yum! Brands, Inc. (NYSE: YUM) today announced the opening of the first KFC in Bolivia, with Franchise partner, DELOSUR. The introduction of the first KFC in Bolivia reflects the reach of the KFC Brand and the Company’s expansion in emerging markets.
Yum! Brands is the worldwide leader in emerging markets with more than 14,000 restaurants and a nearly two-to-one advantage over the nearest competition. With only two restaurants per million people in the top 10 emerging markets, compared to 58 restaurants per million in the U.S., Yum! believes it is on the ground floor of global growth. The Company and its franchise partners plan to invest $10 Billion and have more than 20,000 restaurants in emerging markets by 2020.Yum! Brands, Inc., based in Louisville, Kentucky, has over 40,000 restaurants in more than 125 countries and territories. Yum! is ranked #216 on the Fortune 500 List with revenues of over $13 billion and in 2014 was named among the top 100 Corporate Citizens by Corporate Responsibility Magazine. The Company’s restaurant brands - KFC, Pizza Hut and Taco Bell - are the global leaders of the chicken, pizza and Mexican-style food categories. Outside the United States, the Yum! Brands system opened over five new restaurants per day, making it a leader in international retail development.