Yum Brand CEO David Gibbs: “I’ve never seen anything like it in 32 years.”
Yum Brands, a transnational corporation and one of the biggest names in the foodservice industry, released its operating results for 2021. CEO David Gibbs said 4,180 new establishments have opened in the past year.
“In 32 years in this business, I’ve never seen anything like it,” Gibbs commented, speaking at the company’s quarterly shareholder meeting. Yum Brands owns and operates KFC, Taco Bell, and Pizza Hut restaurants worldwide.
According to the study, KFC, a fast-food chain, had the most significant growth. More than 2,400 restaurants have been opened worldwide over the last year. At the same time, approximately 400 establishments were closed.
As a result, new Yum Brands restaurants opened on average every two hours last year, while KFC restaurants opened every four hours.
About 40 percent of all new locations were opened by the Kentucky fast-food giant in China. Yum Brands operates approximately 53,000 sites in total (including closures).
Bluewater opens its first new anchor since 1999. Next takes the former House of Fraser space with about 132,000 square…
Opening in IMAX 70mm on July 17, 2026: Christopher Nolan's The Odyssey. Select shows went on sale one year in…
European retail is scaling AI, agentic commerce and retail media, but consumer trust is becoming the constraint. Four structural shifts…
Mall operators are no longer leasing space for pop-ups. They are selling audience access.
Physical stores still drive most retail sales, fulfill online orders, support AI shopping, and help brands return to market.
A practical guide to nine mall tenant formats in 2026, from flagships and pop-ups to anchor redevelopment and mixed-use retail.
Verified signals on brand expansion, store openings, and mall development. Free.
Free · No credit card · Unsubscribe any time
