The Fair Trade Commission (FTC) yesterday approved the takeover of Yum Restaurants (Taiwan) Co (台灣百勝肯德基) by Jardine Matheson Holdings Ltd, saying the deal did not create a monopoly.
Hong Kong-based Jardine, which owns Pizza Hut operator Jardine Food Services (Taiwan) Co (富利食品), received permission to acquire 100 percent of Yum Restaurants, which runs Kentucky Fried Chicken (KFC) in Taiwan, through its subsidiary, Jardine Matheson Europe BV.
The Cabinet-level commission said the ownership of both chains would not change the way Pizza Hut and KFC run their businesses, as they have different product appeal.
The threshold for operating Western fast food businesses in Taiwan is low, with diversified product offerings on the market, the commission said. As such, the deal with Jardine will not change the market structure, it said.
Yum Restaurants could see its competitiveness enhanced after the takeover brings in new capital, it said.
Yum Restaurants was originally owned by KFC’s US headquarters but its performance was lackluster.
In December, the head office decided to let Jardine take over operations of its KFC restaurants in Taiwan.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
RSS