Announced
Completed
Synopsis
Yum! Brands, quick-service restaurants, completed the acquisition of Heartstyles, a company offering a world-class leadership development program, to unlock potential and build the capabilities of people who drive the performance for KFC, Pizza Hut and Taco Bell restaurants around the world. Financial terms were not disclosed. The addition of Heartstyles advances Yum! Brands’ commitment to a people-first culture and elevating the customer experience by cultivating world-class leaders across the company and especially at the front line of its brands. “I’m committed to elevating the experience for each of our 40 million customers every day and achieving the kind of unit economics only made possible with an exceptional culture and talent. Scaling Heartstyles globally can help us consistently and measurably strengthen our people-first culture from the corner office to the restaurant. When we and our franchisees have strong and engaged Restaurant General Managers, they lead inspired teams, the customers feel it and it positively impacts results. We believe Heartstyles is a powerful tool to help our 2k franchisees consistently deliver and sustain a great customer experience and grow restaurant sales,” David Gibbs, Yum! Brands CEO.
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