SHANGHAI, April 29, 2020 /PRNewswire/ — Yum China Holdings, Inc. (the “Company” or “Yum China“) (NYSE: YUMC), and the Lavazza Group (“Lavazza”), the world-renowned family-owned Italian coffee company, announced that they entered into a joint venture, to explore and develop the Lavazza coffee shop concept in China. As the first step, a new Lavazza Flagship Store in Shanghai, their first outside of Italy, opened its doors to customers.

Lavazza’s new Flagship Store in Shanghai

“We are thrilled to partner with Lavazza and to bring their authentic Italian coffee experience to China. This is a great news for consumers who seek a premium coffee experience and we are excited to welcome them to the new flagship store,” said Joey Wat, CEO of Yum China. “We see great potential for coffee in China and Lavazza shares this enthusiasm. Leveraging our deep understanding of…

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