Yum! Brands Is Selling Its Long John Silver's and A&W Restaurants
The company behind such well-known restaurant chains as Pizza Hut, Taco Bell, and KFC is going to be selling two of its other chains.
According to Bloomberg, Yum! Brands Inc. has agreed to sell both Long John Silver's and A&W, with LJS Partners LLC and A Great American Brand LLC purchasing them, respectively. The article mentions that the company is selling the two chains because it wishes to focus on expanding in China, and neither Long John Silver's nor A&W are seen as international brands. The sales of both chains should be finalized sometime in the fourth quarter, according to Bloomberg.
Long John Silver's first started out in 1969 and today has approximately 1,000 locations across the country, while A&W, which was founded in 1919, has about 350 locations in the United States. A handful of locations for each can be found in New England, including Long John Silver's restaurants in West Roxbury and Salem, NH, and A&W restaurants in Fitchburg, Greenville, RI, and Salem, NH.
The website for Yum! Brands can be found at http://www.yum.com/
Labels: restaurant chains