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.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS