Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

In China, Colonel Sanders More Recognizable Than Chairman Mao

Print comment Post Comments
CHICKEN!
DailyFeed
McDonald's has posted global same-store-sales growth of 5.3% for January, up from 2.6% in January 2010.

Europe was the major driver of the growth, followed by the Asia/Pacific, Middle East and Africa region and the United States, where oatmeal and Chicken McNugget sales were largely responsible for the uptrend.

But China is still a tough nut to crack for MCD, as Yum Brands' KFC has captured the nation's collective palate. In fact, as Bloomberg reported last month, Colonel Sanders' image is "a far more common sight in many Chinese cities than that of Mao."

“Yum has become the most successful foreign company in China,” James McGregor, a former chairman of the American Chamber of Commerce in China, said. “They got in early, they adapted the product, they expanded aggressively and they gave their Chinese managers real decision-making power.”

However, there are certain people who would like to see those managers use their decision-making power to strip chicken from menus altogether:



Chickens as pets? I think in this case, the old saw bears repeating: If God didn't want us to eat animals, why'd he make them out of meat?
POSITION:  No positions in stocks mentioned.

TICKERS