Fcusing on international growth, Yum! Brands, Inc. (NYSE:YUM - News) has placed its Long John Silver's and A&W All-American Food Restaurants for sale. The company has also begun the process to identify a buyer.
Yum! is sharpening its long-term growth focus on building leading brands in every significant category in China, driving aggressive international expansion, and improving its U.S. brand positions by building new dayparts and sales layers at Taco Bell, Pizza Hut and KFC, according to a company release. But the company does not feel Long John Silver's and A&W fit into its long-term growth strategy, said David C. Novak, Yum! Brands, Inc. chairman and chief executive officer in a company release.