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Yum! Brands only QSR in Hispanic Top 50 poll
March 28, 2006
LOUISVILLE, Ky. — Yum! Brands Inc. has been named one of Hispanic Trends magazine's "Top 50 Corporations for Supplier Diversity" for its efforts to work with minority-owned suppliers.
Hispanic Trends "Top 50 Corporations for Supplier Diversity" list recognizes large U.S. corporations that offer minority business owners the best supplier opportunities. The Top 50 list includes companies that work with Latino business owners. The magazine lists the companies alphabetically.
"We're honored to be recognized by Hispanic Trends magazine for our supplier diversity efforts," said David C. Novak, Chairman and CEO, Yum! Brands Inc. "It is important to drive diversity across every aspect of our business because the more our company reflects the global marketplace in which we operate, the greater we can satisfy our customers."
According to a news release, Yum!'s strategy for leveraging diversity includes franchising and supplier diversity. Yum! supports minority entrepreneurship through its sponsorship of the National Minority Supplier Development Council and is a founding member of the National Minority Franchising Initiative, the International Franchise Association's Diversity Institute and the Women's Franchise and Distribution Forum.
For the past several years, Yum! Brands has been recognized for its commitment to diversity. More than 50 percent of Yum!'s U.S. workforce are minorities as well as more than 50 percent of the company's new hires. In addition, the company has been named one of FORTUNE magazine's "Top 50 Employers for Minorities" and "Top 50 Employers for Women," one of the "Top 30 Best Companies for Diversity" by BLACK ENTERPRISE Magazine and one of the "Corporate 100 Companies Providing Opportunities for Hispanics" by Hispanic Magazine.
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