Tag: KFC

Latest Headlines

Bevin appoints Brown-Forman, Glenview Trust, other big-money heavy-hitters to new UofL board; Schnatter and Frazier raise profiles

A news summary, focused on 10 big employers; updated 10:42 p.m.

Matt Bevin
Bevin

Tightening his grip on the University of Louisville, Gov. Matt Bevin today added 10 more members to his reconfigured board of trustees, appointing a slew of business heavy hitters, including at least one with long family ties to the board.

Among them: Papa John’s founder and CEO John Schnatter; Glenview Trust Co. founder and chairman David Grissom, who’s also a retired Humana executive; and Brown-Forman heiress Sandra Frazier.

Schnatter is a major UofL booster, donating millions for naming rights to Papa John’s Cardinal Stadium. He and conservative industrialist Charles Koch donated $6.3 million to the school in March 2015 to establish an on-campus center to study the virtues of free enterprise; responding to criticism, the university said the money wouldn’t curtail academic freedom.

Sandra Frazier
Frazier

Frazier, who is now cycling off the Brown-Forman board of directors, also is a director of Glenview Trust, a boutique investment firm that serves more than 500 of the area’s wealthiest families. Her late father, Harry Frazier, is a former UofL vice chairman, and her uncle, the late Owsley Brown Frazier, was once chairman.

Two other Bevin appointees are private equity and venture capitalists, according to The Courier-Journal: Dale Boden, now a partner with Weller Equity; and Douglas Cobb, who co-founded Chrysalis Ventures with David A. Jones Jr., a Humana director. Jones’ father, David Sr., co-founded Humana and is also a Glenview Trust director. The 10-member Glenview board comprises some of Louisville’s  biggest power brokers.

Here’s Bevin’s order, with the full list of appointees and their terms.

Bevin’s announcement today follows his surprise June 17 dismissal of the previous 20-seat board, which he called “dysfunctional” in its oversight of the university and President James Ramsey. He replaced them with an interim three-member board, which he filled out with today’s appointments. The school has been roiled with controversy over Ramsey’s seven-figure compensation; a sex scandal involving the marquee men’s basketball program, plus other administrative missteps. Ramsey offered to resign when Bevin dissolved the board, but a final decision on his future was deferred to the next board.

In other news: Continue reading “Bevin appoints Brown-Forman, Glenview Trust, other big-money heavy-hitters to new UofL board; Schnatter and Frazier raise profiles” →

Cops and Courts

A dangerous mix: brandy ‘shooters,’ two boyfriends, and one angry woman

The latest crime news across the world of 48,000 restaurants.*

KFC

Crime scene tapeIn Athens, Ga., 30-year-old Tina Gail Anderson was arrested after she showed up drunk with her current boyfriend at her former boyfriend’s KFC workplace,
called for him to come outside, and then drove recklessly in the restaurant’s parking lot.

When police arrived, they saw Anderson driving over a curb and into the parking lot of Ingles next door, according to a police report cited by the Athens Banner-Herald.

After Anderson was stopped, police said they found empty “shooter” bottles of brandy in her car, along with an open pint bottle of the liquor, the newspaper said.

Taco Bell

In upstate New York’s Genesco, two men who already had a string of misdemeanors were charged by police with three more on Saturday, after they allegedly crashed their U-Haul truck into a Taco Bell restaurant awning, then drove off after causing minor damage.

One of the men, Ricky Jackson, 49, had 15 suspensions on his expired permit, plus an active bench warrant for misdemeanor petit larceny, according to WHEC. After driving off, Jackson then returned to the scene and allegedly told a cop he watched police investigate from afar (which seems weird, right?).

* Yum has 43,000 KFCs, Pizza Huts and Taco Bells in nearly 140 countries; Papa John’s has 4,900 in 37 countries, and Texas Roadhouse has 485 restaurants in five countries. With that many locations, crimes inevitably will occur — with potentially serious legal consequences for the companies.

Latest Headlines

DOW PLUNGES 589 POINTS IN GLOBAL ROUT, AS INVESTORS REEL FROM BREXIT VOTE; FORD DIVES 7%; YUM, OTHER LOUISVILLE STOCKS SLAMMED

A news summary, focused on 10 big employers; updated 5:21 p.m.

Traders at exchange
Anxious traders at the New York Stock Exchange today (New York Times).

The Dow Jones Industrial Average cratered 3.3% this afternoon, tumbling 589 points and wiping out its year-to-date gains as fears gripped markets with Britain’s stunning vote to  leave the E.U. The broader S&P 500 tumbled 3% and the Nasdaq slumped 3.8%. Latest news.

All 10 big-employer stocks tracked by Boulevard fell sharply:

To fully appreciate the magnitude of the losses, consider Kentucky’s richest family, the Browns of Brown-Forman. They saw $201 million of their more than $6 billion in paper wealth evaporate in a matter of hours.

WSJ-1
This morning’s paper.

The impact of last night’s stunning Brexit news for Louisville employers will be greatest for those with extensive overseas footprints and currency exposure.

They include Brown-Forman, which sells 15 brands such as Jack Daniel’s in 160 countries worldwide. The U.K. is the company’s second-biggest market, accounting for 10% of fiscal 2016 sales, according to Brown-Forman’s annual report. Europe, excluding the U.K., was 21%. The U.S. is No. 1, with 46%. The company says foreign markets are increasingly important: “In fiscal 2016, we generated 54% of our net sales outside the United States compared to 41% 10 years ago.”

Other companies likely taking post-Brexit hits include Papa John’s, which operates in 39 countries; Yum in 130 countries and now reshaping overseas operations with a planned China spinoff in October; Ford, which is already reworking its European sales strategy, and Amazon, a relative newcomer abroad.

Boulevard’s Stock Portfolio companies routinely warn investors about risks of doing business outside the U.S. Papa John’s, for one, noted in its annual report that “international operations could be negatively impacted by changes in international economic, political, security or health conditions in the countries in which the company or our franchisees operate.”

Yum’s 14,600-unit KFC Division bears the biggest overseas exposure; it’s in 120 countries, with more than a third — 5,003 restaurants — in China.

uk_tg
Britain’s Guardian.

“Our business,” Yum says in its annual report, “is increasingly exposed to risks inherent in international operations. These risks, which can vary substantially by country, include political instability, corruption, social and ethnic unrest, changes in economic conditions .  . .  as well as changes in the laws and policies that govern foreign investment in countries where our restaurants are operated.”

Also, Yum warns, “results of operations and the value of our foreign assets are affected by fluctuations in currency exchange rates, which may adversely affect reported earnings.”

Boulevard’s Big 10 companies employ 63,000 workers in the Louisville area, and nearly 2 million worldwide.

In non-Brexit news; updated 5:38 p.m.: Continue reading “DOW PLUNGES 589 POINTS IN GLOBAL ROUT, AS INVESTORS REEL FROM BREXIT VOTE; FORD DIVES 7%; YUM, OTHER LOUISVILLE STOCKS SLAMMED” →

Media and Marketing

KFC debuts an ‘extra crispy’ Col. Sanders impersonator

And it’s perpetually tanned George Hamilton, the fourth actor to play KFC founder Harland  Sanders since the chain revived his character last year.

The new commercials start airing Sunday, KFC says in a press release. Jim Gaffigan, who followed Norm MacDonald and Darrell Hammond, will continue as Sanders in marketing for Original Recipe chicken.

The campaign by Wieden+Kennedy will include four spots — two at 30 seconds, and two at 15 seconds — all airing nationally. The ads feature Hamilton as the colonel with an exaggerated suntan to emphasize his “extra crispy” character.

“I like to think that I know a thing or two about being extra crispy,” Hamilton said in the press release. “One could argue that my entire career has been leading up to this role.”

This isn’t the first time Hamilton, 76, has agreed to do a self-mocking TV spot. In 2003, he promoted oven-toasted Ritz Chips and toasted Pita Thins.

Latest Headlines

FAA drone rules buzz Amazon; KFC launches smartphone charging gadget, and McD paces Yum with $3B China bids

A news summary, focused on 10 big employers; updated 4:36 p.m.

AMAZON‘s plans to use drones for delivery were slowed yesterday when the Obama Administration released new rules limiting their use, including over urban areas. The Federal Aviation Administration said commercial drones are OK so long as the drone and its payload weigh less than 55 lbs., stays within unaided sight of their pilot, and operators pass a test every two years. In addition, each drone must have its own pilot (Guardian). Also yesterday, Amazon said it’s expanding grocery delivery service to Boston (Boston Inno). The retail giant employs 6,000 employees in the Louisville area, and thousands more across the state.

KFC: In India, the fast-chicken giant has introduced its latest mobile technology to lure younger diners: Watt a Box, a 5-in-1 meal box that comes with a Chicken Zinger, two hot wings, hash browns, a chocolate pie, Pepsi and a 6,100 mAh Lithium-ion battery to charge smartphones. The device isn’t sold, but instead can be won as part of a week-long competition; watch the demo video, above (The Memo). Some customers aren’t so thrilled, however: Testers who charged an iPhone with the box said it only gained 17% battery after charging for half-an-hour, during which time the powerbank became completely drained (Eater).

Meanwhile, in an unusually public spat with an employer, Darrell Hammond — the Saturday Night Live comedian hired to play Colonel Sanders in the new KFC commercials — says the company “played” him into thinking he’d have the gig permanently. He was later replaced by another SNL veteran, Norm Macdonald, in what’s now a running joke of actor switches (Hollywood Reporter). Indeed, it’s part of the script in comedian Jim Gaffigan’s version:

Here are spots by Hammond and MacDonald, who’s none-too-pleased with the switch, either.

YUM: As Yum gears up to spin off its China operations in October, rival McDonald’s has received more than half a dozen bids for its China and Hong Kong stores, including from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion. In March, McDonalds said it was reorganising its Asian operations by bringing in partners who would own the restaurants within a franchise business (Reuters).

BROWN-FORMAN and other developers Continue reading “FAA drone rules buzz Amazon; KFC launches smartphone charging gadget, and McD paces Yum with $3B China bids” →

Latest Headlines

Kindred pays $39M for Arkansas home-health ops; Humana top doc sells $603K in stock; and no charges for St. Louis cop in fatal KFC robbery shooting

A news summary, focused on 10 big employers; updated 8:29 p.m.

KINDRED: Under the agreement announced late his afternoon, Kindred said it will expand its existing home health and hospice services to 70 of the state’s 75 counties from the current six.

Smaller Kindred building detail
Fourth and Broadway headquarters.

The deal with the Arkansas Department of Health includes the Louisville company’s buying the agency’s 74 home health locations; seven hospice service offices, providing hospice services in 42 counties, plus personal-care service business that helps patients with daily living activities. It’s expected to close in the third quarter, pending regulatory and other approvals (press release).

HUMANA: Chief Medical Officer Roy Beveridge sold 3,228 company shares for $186.67 each — a total $603,000 — in a two-step transaction Friday, according to a Securities and Exchange Commission filing this afternoon. The shares were among 7,947 he received earlier that day as restricted stock units awarded under the insurance giant’s 2011 stock incentive plan. Humana appointed Beveridge to the post in 2013 (SEC document). Humana’s stock closed at $189.90 a share today, up 1.5%.

KFC: A St. Louis police officer who gunned down a robbery suspect in the doorway of a KFC restaurant in January won’t face charges because he acted in self-defense, Circuit Attorney Jennifer Joyce announced today (Riverfront Times).

PAPA JOHN’S franchisees have signed a three-year contract to become the official pizza at the Chicagoland Speedway NASCAR track in Joliet in a deal announced today. The track previously served Chicago-based chains Giordano’s Pizza at its concession stands and Connie’s Pizza in its suites (Crain’s).

Laura Kay Roberts
Roberts

TACO BELL: In Eugene, Ore., police arrested a 44-year-old woman at a Taco Bell Friday night when a dispute with a teenager turned ugly in the restaurant’s drive-though lane. Laura Kay Roberts was booked and released from the Lane County Jail on charges of interfering with police, resisting arrest and disorderly conduct. “Thank God county [jail’s] full,” read a post on her Facebook page, followed by several emoji icons. “No pickle suit for me hahaha.” When a commenter asked what happened, she replied, “I had beer muscles with a side of fireball” (Register-Guard).