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Taco Bell Owner Sues Grubhub, Claiming it Violated Distribution Agreement
Taco Bell owner Yum Brands is suing Grubhub, claiming that it violated its distribution agreement.
Yum bought a 3% stake in the third-party delivery app in 2018 as more national chains looked to lift sales by offering delivery. As part of the deal, the two signed a contract that required the delivery app to give Yum favorable pricing and service levels for thousands of Taco Bell and KFC restaurants, which are largely operated by franchisees...
Yum Brands Closing 7,000 Stores Globally Due to COVID-19
Yum Brands is closing 1,000 Pizza Hut Express outlets and at least 900 U.K. KFC stores in a group of 7,000 restaurant outlets the Louisville, Kentucky-based company said it is closing globally, according to a U.S. Securities and Exchange Commission filing and the Louisville Courier-Journal newspaper.
As the parent company of those two brands, as well as the Mexican-American QSR, Taco Bell, and the fast casual brand it just closed the sale on this month, The Habit Burger Grill, Yum has approximately 50,000 outlets globally.
The SEC filing relayed that the cause for the closings was the current COVID-19 pandemic and...
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