Chris Turner
Coverage of Chris Turner in the Nexus archive.
- Customers understand cyclospora outbreak ‘is not a Taco Bell-specific issue,’ CEO says
Taco Bell's parent company reported a 2% sales decline due to a cyclospora outbreak linked to lettuce removal, but sales are recovering as customers understand the issue isn't specific to Taco Bell. The CDC initially linked the outbreak to Taylor Farms but later found it was a false positive.
- Taco Bell’s quick action on removing lettuce, $1 Mexican Pizza special work to win over diners, investors
Taco Bell's same-store sales declined 2% in the July-September period due to a cyclospora outbreak linked to shredded lettuce, but sales have improved after the chain removed the lettuce and offered promotions like $1 Mexican Pizza. Yum Brands, Taco Bell's parent company, reported recovering sales and attributed the improvement to quick containment and transparent communication.
- Yum Brands sells a shrinking Pizza Hut for $2.7 billion
Yum Brands is selling Pizza Hut for $2.7 billion, with LongRange Capital acquiring the U.S. and other regions for $1.5 billion and Yum China Holdings Inc. purchasing the mainland China business for $1.2 billion. The sale follows declining sales and plans to close 250 U.S. restaurants due to outdated stores and competition.
- Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Pizza Hut, a struggling restaurant chain owned by Yum Brands, is being sold for $2.7 billion. The sale includes $1.5 billion for the non-China business to LongRange Capital and $1.2 billion for the mainland China operations to Yum China Holdings Inc. The chain has faced declining sales, outdated stores, and competition.
- Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Yum Brands is selling Pizza Hut for $2.7 billion, with LongRange Capital acquiring the non-China business for $1.5 billion and Yum China Holdings Inc. purchasing the mainland China operations for $1.2 billion. The sale follows Pizza Hut's struggles with outdated stores and declining U.S. sales, including plans to close 250 U.S. restaurants.
- Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Yum Brands will sell Pizza Hut for $2.7 billion, with LongRange Capital acquiring the non-China business for $1.5 billion and Yum China Holdings Inc. purchasing the mainland China operations for $1.2 billion. The sale follows Pizza Hut's struggles with outdated stores and competition, including plans to close 250 U.S. locations.
- Changes in store for Louisiana colleges under new state laws
Louisiana public universities will gain authority to increase tuition and fees under new state laws, while also addressing hazing and deepfake-related harassment. Laws passed include provisions for differential tuition, punishment for violent hazing, and classifying deepfakes as power-based violence.