Where did Yum Brands come from?

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Yum! was created in 1997 as Tricon Global Restaurants, Inc. from PepsiCo’s fast food division as the parent corporation of KFC, Pizza Hut and Taco Bell restaurant companies. The decision was announced in January and the spin off was effected on 6 October.

When did Yum Brands start?

May 30, 1997Yum! Brands / Founded

What company owns Yum Brands?

Yum Brands was initially part of PepsiCo, which entered the restaurant business in 1977 with the acquisition of Pizza Hut. It added Taco Bell in 1978 and KFC in 1986. In 1990, Taco Bell acquired Hot ‘n Now, a fast-food burger chain, and sold it in 1996.

Why did Pepsi spin off Yum Brands?

PepsiCo decided earlier this year to cut its two-decade-old ties to the restaurant business so it could concentrate on its more profitable soft drink and snack foods businesses. It gave shares in the restaurant company to PepsiCo stockholders.

Is Yum China an American company?

Yum China Holdings, Inc. (Chinese: 百胜中国; pinyin: Bǎishèng Zhōngguó) is an American Chinese Fortune 500 fast-food restaurant company based in Plano, Texas, United States. With US$ 9.5 billion in revenue and 10,600 restaurants worldwide it is one of the largest restaurant companies. It was spun off from Yum!

How much does KFC pay Yum?

Founded in 1952 by Harland Sanders, Kentucky Fried Chicken–the company’s name was changed to KFC Corp. in 1991–was added to PepsiCo’s holdings in 1986 in a $840 million deal.

Is Yum a Chinese company?

Who are Yum Brands main competitors?

Yum! Brands competitors include Chipotle, Starbucks, Restaurant Brands International, Chick-fil-A and McDonald’s.

Why did Yum Brands spin-off China?

One year into the spin-off, it appears that we have a very smart deal. Yum originally spoke to the idea that an independent China business would allow that entity to focus more on the conditions that are unique to the Chinese market.

How many Yum brand locations are there?

54,000 restaurants
Yum! Brands has over 54,000 restaurants in more than 155 countries and territories operating the Company’s restaurant brands – KFC, Pizza Hut, Taco Bell and The Habit Burger Grill.