THE FINANCE GHOST: Yum, and the art of the spin-off

Having recently researched Yum! Brands , I was reminded how well a spin-off can work out. In this situation a listed company has incubated a business until it’s ready to stand on its own feet as a separately listed group with its own management team and, perhaps most importantly, its own balance sheet.

The distinction between management and balance sheet cannot be stressed enough, as one is a much bigger consideration than the other. It’s a lot simpler to replace an underperforming management team than it is to fix a broken balance sheet...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

THE FINANCE GHOST: Yum, and the art of the spin-offThe unbundling of Yum! brands from Pepsico in 1997 is a great example of two good companies doing better apart. The same may well be true of the JSE’s Zeda
Source: FinancialMail - 🏆 20. / 63 Read more »

Spur hikes dividend payout by more than two-thirds after boost from tourism recovery | BusinessSpur has hiked its interim dividend just over two-thirds after its profits and revenues soared in its half-year to end-December, with the restaurant group's namesake steakhouse brand leading the growth charge. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »