China Worries Gnaw at Yum Shares
December 2, 2012
by Alexander Gordin
English: Countries with Pizza Hut outlets. (Photo credit: Wikipedia)
By KRISTIN JONES and ANNIE GASPARRO, The Wall Street Journal
December 1, 2012
Shares in Yum Brands Inc. YUM -9.92% fell sharply Friday after the fast-food chain said its sales in China have softened and damped earnings expectations for next year.
The parent company of Taco Bell, KFC and Pizza Hut said late Thursday it expects fourth-quarter sales at outlets open more than a year to contract 4% in China because of weakness in the world’s No. 2 economy. That compares with same-store sales growth of 6% in the third quarter and 21% in last year’s final period.
Zuma PressYum Brands’ explosive growth in China is cooling, as is the economy. Above, a Pizza Hut delivery in Shanghai.
(READ MORE)
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Tagged with Alexander Gordin, China, emerging markets, Fluent In Foreign, international expansion, international franchising, KFC, OPIC, Pizza Hut, Same-store sales, Shanghai, Taco Bell, The Wall Street Journal, Thursday, Yum Brands
About Alexander Gordin
An international merchant banking professional with over twenty years of business operating and advisory experience in the areas of export finance, international project finance, risk mitigation and cross-border business development.
Clients include foreign governments, municipalities and state enterprises as well as Fortune 500 and small/medium enterprises. Strong entrepreneurial instincts, combined with leadership and strategic skills. Transactional and negotiations experience in over thirty five countries.
Author of the highly acclaimed "Fluent in Foreign Business" book and creator of the "Fluent in OPIC", "Fluent in EXIM","Fluent In Foreign Franchising", "Fluent in FCPA",and "Fluent in USTDA" seminar/webinar series. Currently developing "Fluent In ......" seminars and publications. Co-author of the Fi3 Country Business Appeal Indices.
Extensive international business development and project finance transaction experience in healthcare, aerospace, ICT, conventional and alternative energy infrastructure, distribution and hospitality industries.
Experience managing international public and private corporations. Co-Founded three companies abroad. Strong Emerging and Frontier Market expertise.
Published and featured in numerous publications including: The Wall Street Journal, Knowledge@Wharton, NBC.com, The Chicago Tribune, Industry Week, Industry Today, Business Finance, Wharton Magazine Blog, NY Enterprise Report, Success magazine, Kyiv Post and on a number of radio and television programs including: Voice of America, CNBC, CNNfn, and Bloomberg. Frequent speaker on strategy, cross-border finance and international business development.
Executive MBA from the Wharton School at the University of Pennsylvania. B.S. in Management of Information Systems from the Polytechnic Institute of NYU.
Specialties
Strategic Management Advisory, Export Finance, International Project Finance & Risk Management, Cross-border Negotiations, Structured Finance transactions, Senior Government and Corporate officials liason
Alexander Gordin
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