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Priszm Income Fund recently announced its agreement with Yum! Restaurants International to renew and extend franchise contracts covering KFC, Taco Bell and Pizza Hut restaurants at various locations in Canada.
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Priszm Income Fund holds nearly 60% interest in Priszm Limited Partnership, which owns and operates more than 400 fast food restaurants in seven provinces in Canada. Of these restaurants, 120 restaurants meet the current standards of Yum! Brands Inc. (YUM).
The agreement entitles Priszm to use the KFC, Taco Bell or Pizza Hut trademarks for another 10 years at 69 of 120 restaurants until 2019.
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Priszm also plans to close 16 poor performing stores before the end of 2010.
Yum! currently owns, operates, and franchises major fast food concepts, such as KFC, Pizza Hut, Taco Bell, Long John Silver’s and A&W All-American Food Restaurants in more than 110 countries. The company is the world's largest restaurant company with about 36,628 restaurants at the end of the third quarter 2009.
Read the full analyst report on "YUM"
Zacks Investment Research
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.