The incoming CEO of Taco Bell's parent 'wouldn't rule out' an acquisition [MSNBC.com]
Yum! Brands, Inc. (YUM)
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Source: MSNBC.com
The incoming CEO of Taco Bell's parent 'wouldn't rule out' an acquisition The incoming CEO of Taco Bell's parent company Yum Brands "We don't need an acquisition to grow," incoming CEO David Gibbs told analysts on the Wednesday conference call. "Our brands today are strong generally around the world, with plenty of growth opportunities, but we certainly wouldn't rule out an acquisition." Gibbs said that he would share more of his plans to drive growth in 2020 when he takes the helm. In recent history, Yum's deals have been related to technology. In December, Pizza Hut announced its acquisition of QuikOrder, the e-commerce platform that it had already been using to process some U.S. sales. At the time, Yum said it was one of its largest acquisitions to date. Last year, it also bought a 3% stake in third-party delivery provider GrubHub Its GrubHub investment weighed on Yum's third-quarter profits after KFC's parent company changed the fair value
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