The most popular Western-style, fast-food company in China right now is Yum! Brands, which operates Taco Bell, Pizza Hut and KFC. In fact, Yum!'s operations in China dwarf McDonald's -- and looks like it'll repeat the feat in India too.
Taco Bell's Doritos Locos Taco is an important part of Yum! Brands' strategy to turn the chain's fortunes around in the U.S. It's also a crazy idea, and one of the strangest menu items you can find at America's fast food chains.
The market wasn't overly impressed with Yum! Brands' quarterly report on Tuesday night. The company that watches over Taco Bell, KFC, and Pizza Hut has seen domestic business fall by 2% to 3% at each of its three chains. But Yum! fared substantially better in China, with its popular KFC scoring a whopping 19% spike in comps.
A new lawsuit against Taco Bell claims processed beef used by the fast food giant contains mostly fillers. Taco Bell vigorously denies the claim, but the litigation is drawing new attention to the years-long controversy over processed meats.
