Yum China Holdings, Inc. ( Chinese: 百胜中国; pinyin: Bǎishèng Zhōngguó) is a Chinese Fortune 500 [4] fast-food restaurant company based in Shanghai, China. [5] [6] [7] [8] 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!
What brands does Yum own?
corporation, Yum! operates the brands Taco Bell, KFC, Pizza Hut, and WingStreetworldwide, except in China, where the brands are operated by a separate company, Yum China. Prior to 2011, Yum! also owned. Long John Silver's and A&W Restaurants. Likewise, people ask, what fast food restaurants are owned by PepsiCo?
What restaurants does Yum Brands own?
YUM! Brands, Inc. YUM reported first-quarter 2022 results, wherein earnings and revenues missed the Zacks Consensus Estimate. The top line lagged the consensus mark after beating the same in the ...
Does Pepsi own Yum?
Yum! was operated as a subsidiary of PepsiCo through to the spin off in 1997 at a profit. KFC, Pizza Hut, and Taco Bell were all owned by Tricon. Yum! was then used as the company’s name. The ticker symbol is followed by the name of the company.
Is Yum Brands owned by PepsiCo?
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.
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Who is Yum owned by?
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.
Is Yum China an American company?
Yum China Holdings, Inc. (Chinese: 百胜中国; pinyin: Bǎishèng Zhōngguó) is a Chinese Fortune 500 fast-food restaurant company based in Shanghai, China.
Is KFC owned by China?
KFC restaurants in China are owned or franchised by Yum China, a restaurant company that also owns the Pizza Hut and Taco Bell chains in China and was spun off from Yum! Brands in 2016....KFC in China.China's first KFC restaurant at Qianmen, BeijingTypeSubsidiaryRevenueUS$23 billion (2013)ParentYum China7 more rows
Where is Yum Brands based?
Louisville, KentuckyYum! Brands, Inc., based in Louisville, Kentucky, has over 54,000 restaurants in more than 155 countries and territories primarily operating the company's restaurant brands – KFC, Pizza Hut and Taco Bell – global leaders of the chicken, pizza and Mexican-style food categories.
Who founded Yum China?
the Carney brothersIt started in 1958 when the Carney brothers borrowed $600 from their mom and set out to change the way the world experiences pizza. The first Pizza Hut restaurant in China opened in Beijing in 1990. As of the end of March 2022, we have opened over 2,600 Pizza Hut restaurants in over 600 cities.
What foods are made in China?
The 15 Most Popular Chinese Dishes, Tasty Chinese FoodPeking Roasted Duck. Beijing Roasted Duck. ... Kung Pao Chicken. Kung Pao Chicken. ... Sweet and Sour Pork. Sweet and Sour Pork. ... Hot Pot. Hot Pot. ... Dim Sum. Cantonese Dim Sum. ... Dumplings. Dumplings. ... Ma Po Tofu. Ma Po Tofu. ... Char Siu. Cantonese Char Siu.More items...•
Is McDonald's in China?
The first McDonald's opened in mainland China in 1990, in the Shenzhen Special Economic Zone. More prominently, the largest McDonald's in the world opened on April 23, 1992, in Beijing. It has 700 seats, 29 cash registers, and served over 40,000 on its opening day.
Is Pizza Hut in China?
Since opening its first China location in Beijing in 1990, Pizza Hut has grown to become the leading Western casual dining restaurant brand in China , both in terms of system sales and number of restaurants. By the end of June 2020 , the brand had over 2,200 restaurants in more than 500 cities across the country.
Who owns Pizza Hut in India?
Devyani International is led by Ravi Kant Jaipuria, promoter of RJ Corp and Virag Joshi, President and CEO. The company's business is broadly classified into three verticals i.e. KFC, Pizza Hut and Costa Coffee. It operated 297 Pizza Hut stores, 264 KFC stores and 44 Costa Coffee across India, as of March 2021.
Who owns KFC Philippines?
Yum! BrandsIt is now owned by Yum! Brands, which granted the mother franchise to KFC Philippines for the country. In 2019, Yum! Brands allowed KFC Philippines to start offering the business to sub-franchisees.
Who owns KFC franchise in India?
Actually, KFC's parent company is Yum! Brands, Inc., and it is one of the world's largest restaurant companies in the system restaurants category.
What company owns Del Taco?
Jack in the BoxDel Taco RestaurantsDel Taco/Parent organizations
Who owned KFC before yum?
Acquisition by PepsiCo. In July 1986, Reynolds sold KFC to PepsiCo for a book value of $850 million (around US$1.8 billion in 2013). At the time, PepsiCo had interests in soft drinks and snacks, and also owned the restaurant chains Pizza Hut and Taco Bell.
Is Yum China an ADR?
Yum China would be the fourth high-profile listing by a major Chinese company with American depositary receipts (ADRs) in the past eight months since Chinese e-commerce giant Alibaba Group Holding's US$12.9 billion secondary listing in November.
When was Yum created?
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.
Where is Yum's Taco Bell located?
In the summer of 2014, Yum!'s Taco Bell subsidiary launched its U.S. Taco Co and Urban Tap Room fast-casual taco concept restaurant in Huntington Beach, California, to take on fast casual restaurants like Chipotle and Panera.
When did Yum divest?
In January 2011, Yum! announced its intentions to divest itself of its Long John Silver's and A&W brands to focus on its core brands of KFC, Pizza Hut and Taco Bell. For the decade leading up to the company's announcement, major growth had relied on international expansion.
Yum Brands has its roots in another mammoth company
Before Yum Brands was even conceived, PepsiCo stood in its shoes, overseeing fast food chains like Kentucky Fried Chicken, Taco Bell, and Pizza Hut as part of its restaurant division. PepsiCo had purchased Pizza Hut in 1977, Taco Bell in 1978, and KFC in 1986 (via Funding Universe ).
Yum Brands didn't technically exist until 2002
Although the foundation for Yum Brands was established as early as 1977, with PepsiCo's first restaurant purchase as it acquired Pizza Hut, Yum Brands wasn't actually a brand at all until 2002, when Tricon Global Restaurants changed its name to Yum! Brands, Inc.
Only a few Yum Brands restaurants have stuck around
Despite these hopes of additional sales and value, things didn't really work out between Yum Brands and Long John Silver's and A&W. After nine years, Yum Brands decided to sell the restaurants, with the chairman and CEO at the time saying that the two chains just didn't fit in with Yum's overall goals (via QSR ).
Yum Brands is still acquires other restaurants
Even though Pizza Hut, KFC, and Taco Bell have been Yum Brands' stalwart successes, the brand is undeterred from continuing to acquire other restaurant chains. Most recently, in 2020, Yum acquired The Habit Restaurants, Inc., parent company to The Habit Burger Grill.
Yum Brands grew quickly in China
China was always a large market for Yum Brands, but by 2016, it was clear that Yum Brands' China operations were large enough to form their own corporation, and so Yum China was born. An independent company apart from Yum Brands, Yum China boasts exclusive rights to operating KFC, Pizza Hut, and Taco Bell locations in the country.
Yum Brands opened the first American fast food restaurant in the West Bank
Yum Brands' fast food prowess isn't only limited to China. To that end, Yum took its eats to the West Bank in 2012, opening the first American fast food restaurant ever in the Palestinian territory. Yum Brands can't take all the credit for this feat, though, as it all comes down to one especially daring entrepreneur.
In 2013, Yum Brands expanded into Mongolia
A year after the first KFC opened in the West Bank, Yum Brands took its western cuisine to Mongolia as part of an overarching effort to expand into Russia, Africa, and certain European countries, reported the Louisville Business Journal.
Where is Yum located?
Yum! Brands, Inc., based in Louisville, Kentucky, has over 50,000 restaurants in more than 150 countries and territories primarily operating the company’s restaurant brands – KFC, Pizza Hut and Taco Bell – global leaders of the chicken, pizza and Mexican-style food categories.
Is Yum Brands a Dow Jones Sustainability?
In 2019, Yum! Brands was named to the Dow Jones Sustainability North America Index and in 2020, the company ranked among the top 100 Best Corporate Citizens by 3BL Media. Since our spin-off from PepsiCo in 1997, we’ve become a truly global company led by over 2,000 world-class franchisees.
What was the strategy of PepsiCo in buying Taco Bell?
PepsiCo's strategy in acquiring Taco Bell was simple: the fast food chain dominated the Mexican food market, so PepsiCo was buying market share. For PepsiCo, the challenge was to make Taco Bell less a regional ethnic food phenomenon and more a national fast food chain.
How many Taco Bell outlets were there in 1983?
By 1983, when John E. Martin took over as president, the chain had 1,600 outlets in 47 U.S. states, producing a total of $918 million in sales. The average Taco Bell franchise claimed sales of $680,000 that year, a significant increase over the franchise average of $325,000 in sales only three years earlier.
When did PepsiCo merge with Tricon?
In January 1997, the company announced plans to spin off this restaurant division, creating an independent publicly traded company called Tricon Global Restaurants, Inc. The formal plan, approved by the PepsiCo board of directors in August 1997, stipulated that each PepsiCo shareholder would receive one share of Tricon stock for every ten shares of PepsiCo stock owned. The plan also required Tricon to pay a one-time distribution of $4.5 billion at the time of the spinoff. The deal was approved by the Securities and Exchange Commission and completed on October 6, 1997. Roger A. Enrico, who had risen to the position of PepsiCo CEO, explained the move: "Our goal in taking these steps is to dramatically sharpen PepsiCo's focus. Our restaurant business has tremendous financial strength and a very bright future. However, given the distinctly different dynamics of restaurants and packaged goods, we believe all our businesses can better flourish with two separate and distinct managements and corporate structures."
When did Pizza Hut start?
A year later, in 1959, Pizza Hut was incorporated in Kansas, and Dick Hassur opened the first franchise unit in Topeka, Kansas. By 1971, Pizza Hut had become the world's largest pizza chain, according to sales and number of restaurants--then just more than 1,000 in all.
When did PepsiCo start Taco Bell?
PepsiCo Adds Taco Bell to Its Arsenal. The Taco Bell brand was launched in 1962 by Glen Bell, a World War II veteran who had worked in the restaurant industry since 1946, when he opened his first hot dog stand in San Bernardino, California.
What happened to KFC in Pakistan?
A KFC in Pakistan was set on fire by an angry mob protesting the U.S. bombing of Afghanistan in 2001. In June 2003, chairman and CEO David Novak became the target of a demonstration held by the People for the Ethical Treatment of Animals (PETA) in Germany.
When did McLane buy Tricon?
The problem was soon resolved, however, when McLane Company Inc. agreed to buy the faltering company in November 2000. Tricon was also pushed to shelve its successful advertising campaign featuring a talking Chihuahua in 1999 after Taco Bell franchisees demanded that future commercials tout the company's fresh food.
Where is Yum Brands located?
Yum Brands also has opened Taco Bell and Pizza Hut restaurants in newer Target stores. Yum! Brands opened its 40,000th store in Calangute, Goa, India in October 2013. In the third quarter of 2013, Yum!
When was Yum created?
Yum! was created on May 30, 1997 , as Tricon Global Restaurants, Inc. an independent company, as a result of a spin-out of the former fast food division of PepsiCo, which owned and franchised the KFC, Pizza Hut, and Taco Bell brands worldwide. Because of the company’s previous relationship with Pepsi, Yum!
When did Yum divest?
In January 2011, Yum! announced its intentions to divest itself of its Long John Silver’s and A&W brands to focus on its core brands of KFC, Pizza Hut and Taco Bell. For the decade leading up to the company’s announcement, major growth had relied on international expansion.
Is KFC open in Mongolia?
For Mongolia, KFC is the first western fast food to open its doors in the country. The company is planning to open 15 more restaurants in Ulaanbaatar in the next 5 years, including the country’s first drive-thru service. Yum Brands also has opened Taco Bell and Pizza Hut restaurants in newer Target stores. Yum!
When did Tricon buy Yum?
In March 2002, Tricon announced the acquisition of Lexington, Kentucky-based Yorkshire Global Restaurants, owner of the Long John Silver’s and A&W Restaurants chains and its intention to change the company’s name to Yum! Brands, Inc.
When did Yum buy Little Sheep?
In May 2011, Yum! agreed to purchase mainland Chinese hot pot chain Little Sheep for HK$4.56 billion. The deal spent more than 4 months in anti-trust review by the Chinese Ministry of Commerce, to determine whether or not the transaction would result in a monopolistic positioning of Yum! in the country’s restaurant industry. The Ministry approved the deal in November 2011, according to Little Sheep representatives.
Who bought A&W?
A Great American Brand LLC will buy A&W, and LJS will be acquired by LJS Partners LLC. Yum! Brands had originally purchased the parent company of Long John Silver’s and A&W brands in 2003 for $320 million.
