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Yum sales in China slide after Husi probe

By Bloomberg | China Daily | Updated: 2014-09-05 07:20

Yum Brands Inc, which gets about half of its revenue from China, said third-quarter same-store sales in the nation fell about 13 percent following a probe into one of its suppliers.

Sales at both its KFC and Pizza Hut locations in China were hurt by publicity after OSI Group LLC was investigated for changing sell-by dates on food, the Louisville, Kentucky-based Yum said in a filing with the US Securities and Exchange Commission.

Yum also said it's planning to take legal action against OSI and its Shanghai Husi unit to recover damages.

Yum sales in China slide after Husi probe

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