Posted 10 hours ago
Proposed by Yum! Brands
LOUISVILLE, Ky., June 1, 2021 / CSRwire / – Yum! Brands, Inc. (NYSE: YUM) and the University of Louisville today announced the launch of the Yum! Center for Global Franchise Excellence. The Center will present the first commercial program of its kind at a public university to provide existing and potential franchisees with multiple levels of online training focused on the franchise model in all industries. In addition, the Yum! The Center for Global Franchise Excellence will focus on recruiting and educating people of color and under-represented women on the possibilities of franchising as a path to entrepreneurship.
The creation and funding of the Center are part of Yum! Brands’ Global Opportunity Unlocking Initiative, in which the company has committed $ 100 million over five years to promote equity and inclusion, education and entrepreneurship for employees, teams frontline catering and communities around the world.
“We believe that combining the resources and expertise of the University of Louisville with Yum! The brands will create an unparalleled resource for world-class franchise training that will help people around the world, especially people of color and underrepresented women, to be successful in owning and managing a franchise, ”said declared Neeli Bendapudi, president of the UofL. ” We are excited about the new center. because it aligns with UofL’s commitment to empower our communities and supports our vision of becoming the country’s leading anti-racist metropolitan research university.
“We are proud to partner with the University of Louisville to develop a sustainable and globally scalable program that democratizes exposure and strengthens knowledge of the franchise industry for all,” said Scott Catlett, legal and franchise director at Yum! Brands. “We hope the Center will pave the way for economic opportunity and successful ownership for talented and under-represented individuals, while bringing diverse voices and ideas to the entire franchise community.
the Yum! Center for Global Franchise Excellence Builds on UofL’s existing franchise training pathways within the College of Business, which include a graduate program and an executive-level franchise management certificate. New to the Center is an undergraduate franchise track in the Bachelor of Business Administration program that was launched in the spring semester of 2021. The development of the Center’s program will continue to be led by franchise industry alumni and business experts from UofL with subject matter experts from Yum! Brands providing resources, up-to-date information and powerful insight into the state of the franchise. In addition, to improve equity for people of color and under-represented women, the Center:
- Actively recruits diverse students for its undergraduate, graduate and executive level programs offered by the College of Business;
- conduct research to develop new knowledge about franchise ownership, including case studies, white papers and other work to better understand the reasons for declining ownership by people of color and women under -represented;
- create regular podcasts and a practitioner-focused journal to share franchise education and news with franchise owners and managers.
“Franchising is one of the best avenues to entrepreneurship, creating an opportunity to build generational wealth,” said Kathleen Gosser, Ph.D., executive in residence at the UofL Business College, where the Center will be based. “Franchise ownership among people of color and under-represented women is lower than their representation in the population. Our goal is to uncover and reduce the barriers to franchise ownership, starting with education. “
The franchise model is strong in the United States and around the world and makes business ownership accessible to many people. At the end of 2021, the International Franchise Association projects that the franchising industry will increase to more than 780,000 points of sale employing 8.2 million people in the United States only.
“Partnership with UofL on the Yum! Center for Global Franchise Excellence enables Yum! Brands to amplify our world-class franchise model and give more people access to the franchise world and the ability to create generational wealth and a legacy, ”said Wanda Williams, Head of Yum! Global franchising. “Access to the program will also be a great opportunity for new franchisees entering Yum! System of marks as well as for employees who wish to become entrepreneurs. “
In addition to Yum! Brands’ recent grant to UofL, the company is also investing $ 6 million over five years to advance equity and opportunity across Louisville, particularly in West Louisville, including black students, educators, entrepreneurs and agents of social change. As part of that, Yum! Brands is working with Nat Irvin, Assistant Dean of UofL College of Business, on the university’s Pathways program to primarily help high school students eligible for the Pell Scholarship at major Louisville public schools to gain college credit and early admission at UofL.
About the University of Louisville
Founded in 1798, the University of Louisville is a state-funded research university located in the greater Kentucky metropolitan area. The university serves more than 22,000 students each year in undergraduate, graduate and professional programs at 12 colleges and schools. The university has been recognized and honored for its research efforts, community engagement initiatives, and commitment to diversity. UofL is accredited by the Southern Association of Colleges and Schools Commission on Colleges and is a member of the Atlantic Coast Conference for Academics and Athletics. For more information visit louisville.edu.
About Yum! Brands, Inc.
Yum! Brands, Inc., based in Louisville, Kentucky, has more than 50,000 restaurants in more than 150 countries and territories and more than 2,000 franchisees around the world. The company’s brands – KFC, Pizza Hut, and Taco Bell – are global leaders in the chicken, pizza and Mexican-style food categories. The company’s family of brands also includes The Habit Burger Grill, a fast-paced, casual restaurant concept specializing in grilled-to-order burgers, sandwiches and more. Yum! The brands were included in the 2021 Bloomberg Gender Equality Index and in 2020, Yum! Brands has been named in the Dow Jones Sustainability Index North America and ranked among the Top 100 Corporate Citizens by 3BL Media.
In 2020, Yum! Brands launched the global Unlocking Opportunity initiative, which includes a five-year, $ 100 million commitment to promote equity and inclusion, education and entrepreneurship for employees, catering teams frontline and communities around the world. Through KFC, Pizza Hut, Taco Bell and The Habit Burger Grill, and in close collaboration with franchisees of Yum !, The Unlocking Opportunity initiative builds on more than 20 years of investing in the company’s culture focused on the people.
Yum! Brands has been committed to the Louisville community since its inception in 1997 and has donated over $ 60 million to hundreds of local nonprofits and charities since then. In addition to increased societal efforts to tackle inequalities at the local level, Yum! Brands is the proud naming rights partner of KFC Yum! Based in Louisville. Central arena. In addition, the Yum! Brands Foundation continues its long history of supporting the Dare to Care Food Bank, Metro United Way and the Fund for the Arts in Louisville.
Yum! Brands, Inc., based in Louisville, Kentucky, has more than 48,000 restaurants in more than 145 countries and territories, primarily operating the company’s restaurant brands – KFC, Pizza Hut and Taco Bell – the world’s leading chicken, pizza and Mexican cuisine. All over the world, the Yum! The brand system opens on average more than eight new restaurants per day, making it a global leader in retail development. In 2018, Yum! Brands has been named in the Dow Jones Sustainability North America Index and ranked among the Top 100 Corporate Citizens by Corporate Responsibility magazine. In 2019, Yum! Brands was named to the Bloomberg Gender Equality Index for the second year in a row. For more information on Yum! Brands, visit yum.com. Yum! Media line: 502.874.8200
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