• Kroger employees working at Smith's Food and Drug and Food 4 Less in Las Vegas, Nevada, have ratified a new labor agreement with the United Food and Commercial Workers Local 711 that covers 3,657 Smith's associates and 801 Food 4 Less associates. It includes 32 Smith's stores and 14 Food 4 Less stores operating in the Las Vegas area.
• Fox Business reports that Yum Brands, the parent company of KFC, Pizza Hut and Taco Bell, “is selling hundreds of its U.S. restaurants to franchisees in an effort to further distance itself from the volatility of the owner-operated restaurant business.” The story says the company, “ which now earns the majority of its profits internationally, plans to reinvest the money from sales of its domestic restaurants in building new ones in countries such as China and India, where economic growth is stronger.”
• Fox Business reports that Yum Brands, the parent company of KFC, Pizza Hut and Taco Bell, “is selling hundreds of its U.S. restaurants to franchisees in an effort to further distance itself from the volatility of the owner-operated restaurant business.” The story says the company, “ which now earns the majority of its profits internationally, plans to reinvest the money from sales of its domestic restaurants in building new ones in countries such as China and India, where economic growth is stronger.”
- KC's View:
