Louisville-based Yum! Brands, Inc. announced the completion of the sale of Pizza Hut, excluding Mainland China, to LongRange Capital, for approximately $1.5 billion(US), with the opportunity for Yum! to receive an additional earn-out of $75 million by 2030 based on future performance. Together with the previously announced sale of Pizza Hut in Mainland China to Yum China Holdings, Inc., which closed on August 7, 2026, the LongRange transaction completes Yum!’s sale of Pizza Hut through two separate transactions. Multinational fast food corporation Yum! Brands, Inc., and its subsidiaries franchise or operate more than 44,000 restaurants in 151 countries and territories under its iconic brands — KFC, Taco Bell and Habit Burger & Grill. (Yum! Brands Inc – www.yum.com)………….
Loblaw Cos Ltd. reports that it expects to open about 75 new stores this year, up from the previous 70 planned, according to the Canadian Press. Its grocery expansion is focused on its No Frills and Maxi brands. So far this year, 21 grocery stores and 17 Shoppers Drug Mart locations have opened. In addition, Loblaw Cos is bringing back the country-of-origin labels on merchandise affected by the Canada/U.S. tariff conflict. (Loblaw Cos Ltd. – www.loblaw.ca)……….
TD Bank Group announced last week that it will open 100 new branches in the U.S. by the end of 2028, according to online financial resource MoneySense. In addition, it will continue to seek expansion opportunities through 2030. The expansion comes a TD works to improve anti-money laundering efforts after being fined by U.S. regulators in 2024. (TD Bank Group – www.td.com)………..
“Reputation is everything – and once it’s gone, it’s gone forever”……..wise words from friend and Calgary broker Mike Kehoe. I also learned that a dog will love you more in one day than most people will in a lifetime………….Wow, I’m always impressed with the stuff you learn on the internet…………….Have a great week.