Yum! started out as Tricon Global Restaurants, which was a subsidiary of PepsiCo until the spin-off in 1997. Tricon owned Pizza Hut, Taco Bell, and KFC. It acquired seafood chain Long John Silver’s and root beer chain A&W Restaurants in 2002.
Regarding this, why did Pepsi spin off Yum?
In September of 1997, Pepsi’s Board of Directors decided that it would spinoff Tricon Global Brands (YUM’s original name) with each Pepsi shareholder receiving 1 share of Tricon for every 10 shares of Pepsi owned. What has happened to those Pepsi and Yum shares over time?
Beside above, does Pepsi own yum? Yum! was created on May 30, 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.
In this manner, when did Pepsi sell Yum?
Taco Bell, Pizza Hut, and KFC were part of PepsiCo Inc.’s restaurant group until 1997, when they were spun off as Tricon Global Restaurants Inc. Tricon changed its name to Yum! in 2002, the same year that Long John Silver’s and A&W were added to its holdings.
When did Pepsi sell Pizza Hut?
November 1977
14 Related Question Answers Found
Is Taco Bell owned by Burger King?
No, Burger King is owned by 3G Capital and Taco Bell by Yum Brands. No Burger King wishes they owned taco bell. Taco bell is owned by yum brands which also owns pepsi which is why all taco bells use pepsi products.
Who currently owns KFC?
KFC is a subsidiary of Yum! Brands, one of the largest restaurant companies in the world. KFC had sales of $23 billion in 2013.
Is Yum a parent or subsidiary?
Parent company is the company that owns or controls other companies, which are called subsidiaries. Yum! Brands Inc. is the parent company of well-known restaurants like Taco Bell, Pizza Hut, and KFC.
Who owns PepsiCo?
PepsiCo
Who owns Taco Bell?
Yum! Brands Yum China
Who owns Pizza Hut Sri Lanka?
Yum Brands Incorporated
Does PepsiCo own any restaurants?
PepsiCo, based in Purchase, N.Y., owns the Pizza Hut, Taco Bell and KFC chains, which together have 29,000 units around the world.
Does Pepsi own Frito Lay?
PepsiCo was formed by the merger of Frito-Lay and the Pepsi-Cola Company in 1965. Frito-Lay brought several iconic and profitable snack brands to PepsiCo, including six of today’s billion-dollar brands: Cheetos, Doritos, Tostitos, Lay’s, Walkers, and Fritos.
Who owns Mcdonalds now?
Kroc purchased the company outright in 1961, and his strict operational guidelines helped transform McDonald’s into the world’s largest restaurant franchise before his death in 1984, at the age of 81.
Who founded Yum?
Andrall E. Pearson
Who owns A & W?
Yum! Brands A Great American Brand, LLC
Who owns KFC in Canada?
Today KFC is a subsidiary of YUM! Brands Inc. and operates more than 20,000 restaurants in 125 countries around the world including more than 600 locations right here in Canada. Franchise Management Inc.
Who owns Burger King Canada?
Restaurant Brands International
What restaurants have Pepsi?
Coke comes out the undisputed winner, with big contracts at McDonald’s, Subway, and Burger King. Pepsi still has some notable brands, like Taco Bell, KFC, and Hooters.