Yum! Brands (NYSE: YUM), the parent company of KFC, Pizza Hut and Taco
Bell, announced today that it is directing $1.5 million from its World
Hunger Relief global effort to provide food to families affected by the
recent typhoon in the Philippines. The funds will help the United
Nations World Food Programme (WFP) feed those in urgent need of food
assistance.
Typhoon Haiyan devastated the impoverished nation of 96 million people.
According to the National Disaster Risk Reduction and Management
Council, 9.6 million people are affected across 41 provinces, with more
than 615,000 people displaced. These preliminary figures will likely
increase as more information becomes available.
“The situation in the Philippines is devastating and our sympathies go
out to everyone impacted by the typhoon,” said David Novak, Chairman and
CEO, Yum! Brands, Inc., “The $1.5 million that we are sending will
provide more than six million meals to those in need.”
The WFP is on the ground in the Philippines providing much needed
assistance to those affected in the region. Their efforts will ensure
that 2.5 million people receive food, logistics and emergency
telecommunications over the next six months. To support WFP’s relief
effort, please visit: www.wfp.org/typhoon.
“Because the early days of a disaster response are so critical in saving
lives, these additional resources from Yum! will help ensure we can
reach those who need assistance most,” says WFP Philippines Country
Director Praveen Agrawal. “This donation at this particular moment will
help avert hunger in people who have already suffered so much – and it
shows the important role the private sector can play in alleviating
hunger.”
With more than 385 restaurants in the Philippines, Yum! is providing up
to $50,000 through its Yum! Family Fund to help employees and their
families affected by the storm get assistance and rebuild their lives.
World Hunger Relief
Yum! Brands’ World Hunger Relief effort is the world’s largest private
sector hunger relief initiative, spanning more than 130 countries and
territories, 40,000 KFC, Pizza Hut and Taco Bell restaurants and nearly
1.5 million employees, to raise awareness, volunteerism and funds for
WFP and other hunger relief agencies. To date, Yum! has raised more than
$150 million resulting in more than 600 million meals and saving the
lives of millions of people in remote corners of the world.
Yum! Brands
Yum! Brands, Inc., based in Louisville, Kentucky, has 40,000 restaurants
in more than 130 countries and territories. Yum! is ranked #201 on the
Fortune 500 List and generated revenues of over $13 billion in 2012 and
in 2013 was named among the top 100 Corporate Citizens by Corporate
Responsibility Magazine. The Company's restaurant brands - KFC, Pizza
Hut and Taco Bell - are the global leaders of the chicken, pizza and
Mexican-style food categories. Outside the United States, the Yum!
Brands system opened approximately five new restaurants each day of the
year, making it a leader in international retail development. The
Company has consistently been recognized for its consistent shareholder
returns, diversity leadership, community giving and recognition culture.
Copyright Business Wire 2013