“Following the separation, each standalone company will be able to intensify focus on its distinct commercial priorities, allocate its own resources to meet the needs of its business, and pursue distinct capital structures and capital allocation strategies. This will provide a clear investment thesis and visibility to attract a long-term investor base suited to each business”--- Greg Creed, CEO of Yum!简而言之就是,百胜全球和百胜中国是两个不同的商业模式。百胜在国外是一个franchisor model,自己经营的餐厅很少,主要通过把KFC 必胜客这些牌子授权给别人做加盟,收管理费和特许经营费的模式,有41K多餐厅,但95%都是加盟的,直营店很少,2014年的总收入是63亿刀。而百胜中国是一个“直营”模式,有7000个餐厅,只有10%是加盟的,2014年的总收入是68亿刀。可以发现,两
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