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Yum drops after Pizza Hut sales fail to take off

Bloomberg KFC and Taco Bell have again propped up parent Yum! Brands Inc, whose total sales topped estimates last quarter, but the company’s Pizza Hut chain is another story. The shares fell the most in almost three months. The chicken and Mexican businesses helped drive Yum’s same-store sales up 4 percent in the period, topping projections for 2.7 percent growth ...

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S African Airways to start direct flights to Guangzhou

Bloomberg South African Airways will begin a direct service from Johannesburg to Guangzhou in September, looking to expand its business with China. The new route will have three flights a week and the schedule was expected to be published on Monday, the airline said. The carrier is aiming to attract business passengers, including corporate clients and traders, it said. “Adding ...

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Adidas soars to record as China, e-commerce bring relief

Bloomberg Adidas AG shares soared to a record as the German sportswear giant tapped the marketing power of soccer star Lionel Messi and celebrities like Kanye West to boost sales in China, extending its half-decade hot streak. The German sports apparel maker benefited from double-digit growth in the Asian nation in the first quarter, compensating for weakness in Europe and ...

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