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Buyout firms have been prolific investors in businesses that help companies cut costs by outsourcing large parts of their administrative functions, since such operations can generate strong cash flows. Lincolnshire, Illinois-based Alight offers benefits administration and cloud-based human resources services to 22 million people, and generated revenue of $2.3 billion in 2017, according to its website single cuff shirt with cufflinks uk online. Before selling Alight to Blackstone last year, Aon had taken ownership of it as part of its acquisition in 2010 of Hewitt Associates Inc for $4.9 billion..
Dealmaking has heated up in the benefits sector this year, as some of these companies turn to dealmaking to counter fierce price competition for their services. In October, French IT services company Atos SE (ATOS.PA) completed a $3.4 billion cash deal to buy Michigan-based IT services provider Syntel Inc, and last week payroll processor Paychex Inc (PAYX.O) agreed to buy Oasis Outsourcing Acquisition Corp for $1.2 billion in cash. In another deal by a private equity firm, Carlyle Group LP (CG.O) said in September that it had agreed to buy a majority stake in Sedgwick Claims Management Services Inc, the largest U.S. insurance claims service provider, for $6.7 billion single cuff shirt with cufflinks uk online.
(Reuters) – Yum Brands Inc (YUM.N) on Wednesday forecast same-store sales growth of 2 percent to 3 percent for fiscal 2019 and said it would reduce Pizza Hut’s dine-in operations as it sharpens its focus on delivery. The company said Pizza Hut’s international dine-in assets would be cut to about 25 percent in the next three to five years from 42 percent and that it would make similar cuts in the United States. “We are migrating out of many of our dine-in assets to delivery assets in the United States,” Chief Financial Officer David Gibbs said in an interview with Reuters single cuff shirt with cufflinks uk online.
The 60-year-old chain has been struggling with changing consumer tastes and stiff competition from other restaurant chains, mainly Domino’s Pizza Inc (DPZ.N), which has relied on its delivery business to drive growth. Pizza Hut’s same-store sales have shown little growth since 2015, with analysts estimating a drop this year too single cuff shirt with cufflinks uk online. Artie Starrs, president of Pizza Hut’s U.S. unit, said on the company’s investor day that he was “extremely dissatisfied” with the pizza chain, blaming its dine-in assets, and lack of innovation and creative advertising for its poor performance..
As part of a turnaround, the pizza chain is banking on its Delco outlets, which focus on delivery and carryout, and investments in new technologies. Gibbs said Delco is a growth driver, with 90 percent of its new stores built around that model single cuff shirt with cufflinks uk online. “(Delivery and carryout) part of the business is growing well today, that gives us a lot of hope and excitement for the future,” Gibbs said. The Louisville, Kentucky-based company forecast full-year system sales growth in the mid-to-high single-digit range, adding that it was on track to deliver a profit of $3.75 per share in 2019..