Yum Brands seeks to sell Long John Silver's, A&W

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Louisville-based Yum Brands announced Tuesday that it’s seeking to sell off Long John Silver’s, which was founded in Lexington, and A&W.
In a statement, the company said it’s focusing on its core brands of Taco Bell, Pizza Hut and KFC and its international expansion.
“We do not believe Long John Silver’s and A&W … fit into our long-term growth strategy,” said CEO David Novak in a statement.
While Yum’s brands have more than 37,000 restaurants worldwide, Long John Silver’s and A&W account for just 1,630, or 4.4 percent. All of the latter are owned by franchisees, a point that was raised as part of a lawsuit by one of them last year.

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