Yum Brands spinning off its China business

Revamp of $31 billion fast-food firm announced to deal with challenges

Yum Brands Inc, the parent of KFC, Pizza Hut and Taco Bell, announced on Tuesday it is splitting off its China business into a separate company.

The spinoff of the $31 billion fast-food group will be named Yum China, and focus on the US company's huge but struggling restaurant business in the country, the AFP reported