When did Yum Brands change its name to brands?
Brands. The merger was finalized on May 8, 2002, and the name change became effective on May 22, 2002 On June 6, 2002, Yum! executed a two-for-one stock split.
When did Tricon Global Restaurants Inc (Tricon) file a 10-k?
Retrieved November 9, 2015. ^ "TRICON GLOBAL RESTAURANTS INC (Form: 10-K, Received: 03/26/1998 08:03:36)". content.edgar-online.com. Retrieved March 18, 2021.
Why did Yum Brands buy Long John's?
With the purchase of Long John Silver's and A&W, YUM! planned to aggressively pursue additional multi-branding strategies. In 2003, the company acquired the rights to the Pasta Bravo brand and planned to pair it with Pizza Hut. YUM! also focused on international expansion, eyeing China, the United Kingdom, Mexico, and Korea as key growth markets.
When did Yum Yum Open Super Chix?
In 2014, Yum! launched a number of additional restaurant test concepts, Super Chix, U.S. Taco Co. and Banh Shop. Yum! opened Super Chix in Central Arlington, Texas, a restaurant similar in format to Chick-fil-A, on April 9, 2014.
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When did PepsiCo sell Yum Brands?
The company was once owned by Pepsi Yum! started out as Tricon Global Restaurants, which was a subsidiary of PepsiCo until the spin-off in 1997.
When did KFC become part of 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.
When did Pizza Hut join Yum?
2002In 2002, TCR acquired Long John Silver's and A&W Restaurants and change the company's name to Yum! Brands, Inc. Tricon owned Pizza Hut, Taco Bell, and KFC.
What brands are owned by Yum?
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.
Why did Pepsi spin-off Yum?
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.
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.
Does Pepsi own Kentucky Fried Chicken?
Tricon Global Restaurants from PepsiCo's fast food division as the parent corporation of KFC, Pizza Hut and Taco Bell restaurant companies.
Who owns Kentucky Fried Chicken now?
Yum! BrandsKFC / Parent organization
Why are KFC and Taco Bell together?
The reason Taco Bell, Pizza Hut, and KFC are occasionally combined under one roof is because they're all owned by the same parent company, the Kentucky-based Yum! Brands Inc (via Yahoo).
Who is the largest shareholder of Yum Brands?
The Vanguard Group, Inc.Top 10 Owners of Yum! Brands IncStockholderStakeShares ownedThe Vanguard Group, Inc.7.54%21,489,498BlackRock Fund Advisors4.68%13,349,289SSgA Funds Management, Inc.4.28%12,210,353T. Rowe Price Associates, Inc. (I...3.15%8,975,5636 more rows
Why is Yum Brands successful?
However since becoming an independent entity, Yum China has seen some phenomenal growth, achieved through its ability to remain agile and adapting their offerings to respond quickly to the evolving tastes and demands of Chinese consumers.
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
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.
Are KFC and A&W owned by the same company?
Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Yum! previously also owned Long John Silver's and A&W Restaurants.
Why are Taco Bell and KFC together?
The reason Taco Bell, Pizza Hut, and KFC are occasionally combined under one roof is because they're all owned by the same parent company, the Kentucky-based Yum! Brands Inc (via Yahoo).
Who owned Pizza Hut before yum?
PepsiCo acquired Pizza Hut in November 1977. Twenty years later, Pizza Hut (alongside Taco Bell and Kentucky Fried Chicken) were spun off by PepsiCo on May 30, 1997, and all three restaurant chains became part of a new company named Tricon Global Restaurants, Inc. The company assumed the name of Yum!
When did Yum find buyers for A W?
In September 2011, Yum announced they had found buyers for the A W and Long John Silver's chains.
Where is Tricon located?
Tricon selected Louisville as its headquarters, near the KFC Restaurant Support Center from the Pepsi HQ in Purchase, New York, by early 1998.
When did Yum start Wingstreet?
In 2003, Yum launched WingStreet as a hybrid combo unit with an existing Pizza Hut franchise.
When did KFC start testing?
In 2001, KFC started test restaurants in Austin, Texas, called Wing Works , a chicken wing line sold with one of a few flavored sauces.
When did KFC Eleven close?
The sole KFC Eleven was closed in April 2015.
Is Yum a Dow Jones company?
In 2019, Yum Brands was named to the Dow Jones Sustainability North America Index and ranked among the top 100 Best Corporate Citizens by Corporate Responsibility Magazine amongst other highly successful corporations such as Apple.
When did Tricon change its name?
2002: Tricon changes its name to Yum! Brands Inc.; the company acquires Long John Silver's and A&W All American Food Restaurants.
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."
What happened to Pizza Hut after the spin off?
The company also looked to strengthen its relations with its franchise locations. In the case of Taco Bell, the company began selling off company-owned stores to its franchisees. Pizza Hut also received a major face lift in the wake of the spin off. Hundreds of locations were sold back to franchisees and over 700 locations were shuttered. Company headquarters were moved to Dallas, Texas. The company also filed suit against competitor Papa John's International Inc., claiming that is marketing tagline--Better Ingredients. Better Pizza.--was false and misleading. A court ruled in favor of Pizza Hut in 2000. Meanwhile, KFC opened its first outlets in Vietnam and Guadeloupe.
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 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.
