What was Taco Bell called before it became Yum?
Pepsi decided to spin off Taco Bell, KFC, and Pizza Hut into their own publicly traded company in 1997. The spin off was called Tricon Global Restaurants. The Tricon name later changed to the current Yum!
Who is the current CEO of Yum?
At the AGM in May 2016, Robert D. Walter became non-executive chairman. At the end of 2019 Greg Creed will retire as CEO and the current COO (David Gibbs) will be Creed's replacement. Since 2006, Yum!
Why did PepsiCo buy KFC in 1986?
In July 1986, R. J. Reynolds sold KFC to PepsiCo to pay off debt from its recent purchase of Nabisco. In 1990, Hot 'n Now was acquired via Taco Bell, but the company would later be sold in 1996. In 1992, PepsiCo acquired California Pizza Kitchen.
Is little sheep owned by Yum?
In May 2011, Yum! agreed to purchase Chinese hot pot chain Little Sheep for HK$ 4.56 billion. The deal spent more than 4 months in antitrust 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.
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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.
Did Pepsi own 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.
Is Yum Brands a spin-off?
Brands last October. It's been nearly a year since Yum! Brands (YUM 1.11%) completed its spin-off of Yum China Holdings (YUMC 0.35%). Since then, the latter has largely enjoyed life on its own with the stock up over 70% from its spin-off to date.
When did Tricon become 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.
Does Pepsi own Kentucky Fried Chicken?
Tricon Global Restaurants 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.
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.
When did Yum Brands split?
Yum Brands (YUM) spun off Yum Brands China (YUMC) effective October 31, 2016 in a transaction meant to be tax-free to its shareholders.
When did Pepsi sell Taco Bell?
Also in 1995, Taco Bell began a branding partnership with KFC, and in 1997 both became subsidiaries of Tricon Global Restaurants (later Yum! Brands) when it split from PepsiCo. Since 2000, Taco Bell has continued to find distinctive ways to brand and partner in order to attract customers.
Who owns Kentucky Fried Chicken?
Yum! BrandsKFC / Parent organization
When did Pizza Hut join 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!
Who started Yum Brands?
Andrall E. PearsonYum! Brands / Founder
How did Yum Brands start?
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!
What brands does PepsiCo own?
All the brands the Pepsi company owns may surprise youQuaker Oats. Quaker Oats. ... Tropicana. Tropicana. ... Sabra. Sabra. ... Stacy's Pita Chips. Stacy's. ... Aunt Jemima. Aunt Jemima. ... Naked Juice. Naked Juice. ... Starbucks bottled beverages. Starbucks News / Twitter. ... Gatorade and Propel. Gatorade.More items...•
Who is the owner of Yum China?
Yum BrandsYum China is a trademark licensee of Yum Brands, paying 3% of total systemwide sales to Yum Brands....Yum China.TypePublicNet incomeUS$708 million (2018)Total assetsUS$$4.61 billion (2018)Total equityUS$2.873 billion (2018)Number of employees450,000 (2018)15 more rows
Who founded Yum Brands?
Andrall E. PearsonYum! Brands / Founder
What restaurant chains does Pepsi own?
PepsiCo, based in Purchase, N.Y., owns the Pizza Hut, Taco Bell and KFC chains, which together have 29,000 units around the world.
How much did Pepsi pay in 1998?
Pepsi said it plans to spend more than $2 billion on share repurchases this year and as much as $3 billion in 1998. It said it will continue paying the 12.5-cent per share quarterly dividend in effect before the spin-off.
How much is PepsiCo richer?
NEW YORK (CNNfn) - PepsiCo, once a beverage, pre-packaged food and restaurant colossus, is a bit slimmer Tuesday and about $5.5 billion richer.
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When did Yum sell Long John Silver's?
By 2011, Yum sold Long John Silver's and A&W to its franchisees.
When did PepsiCo spin off?
PepsiCo decided to spin off its restaurant business into a new entity, Tricon Global Restaurants, in 1997. Tricon's portfolio included Pizza Hut, KFC, Taco Bell, and KFC, while other brands like Chevys Fresh Mex were sold off completely.
Is Pizza Hut owned by Yum Bands?
Pizza Hut, Taco Bell and KFC weren't always under Yum Bands' control. Beverage giant PepsiCo, Inc.(NASDAQ: PEP) acquired the pizza joint in 1977, followed by the Tex-Mex chain in 1978 and the fried chicken chain in 1986.
Who is the CEO of chipotle?
5 Things You Might Not Know About Chipotle Mexican Grill CEO Brian Niccol
Who owns Habit Burger Grill?
Restaurant operator Yum! Brands, Inc.(NYSE: YUM) expanded its portfolio with the $375-million acquisition of Habit Burger Grill this week.
How many restaurants did Tricon have?
Specifically, the spin off company was made up of approximately 30,000 restaurants worldwide (company-owned and franchised) with sales of about $20 billion in the year proceeding the spin off, 1996. The asset base was clearly a nice starting point for Tricon/YUM! Brands to develop future growth.
How much did Pepsi get from Tricon?
According to The Baltimore Sun, PepsiCo received $4.5 billion from the Tricon spin off. The company used the money to mostly payoff short-term debt and secondarily for share buybacks. After the spin off, Pepsi was free to focus mainly on its two core businesses consisting of beverages and snack foods.
Does Pepsi own KFC?
Does Pepsi own Taco Bell, KFC, or Pizza Hut? The answer is no, but they had quite the past as discussed above. You may be curious if any company, such as Coke, owns Pepsi. Pepsi is not owned by Coke or any other company. It is the parent company to many popular brands such as Quaker, Tropicana, MTN Dew, Lay’s, Doritos, and many more.
Is Pepsi stock a good investment?
You can see by the table below that Pepsi’s stock also experienced a healthy return since the 1997 spin off of Taco Bell, KFC, and Pizza Hut. Spin offs are often good investments because the market cannot always realize the true value of a large company with many working parts until a spin off occurs.
