yum! brands, inc. owns pizza hut kfc and taco bell.
yum! brands, inc. owns pizza hut kfc and taco bell.
who owns pizza hut kfc and taco bell?
yum ! brands , inc.
between the late-1970s and the mid-1990s, pepsico expanded via acquisition of businesses outside of its core focus of packaged food and beverage brands; however it exited these non-core business lines largely in 1997, selling some, and spinning off others into a new company named tricon global restaurants, which later became known as yum! brands, inc. pepsico also previously owned several other brands that it later sold so it could focus on its primary snack food and beverage lines, according to investment analysts reporting on the divestments in 1997. brands formerly owned by pepsico include: pizza hut, taco bell, kfc, hot 'n now, east side mario's, d'angelo sandwich shops, chevys fresh mex, california pizza kitchen, stolichnaya (via licensed agreement), wilson sporting goods, and north american van lines.
pepsico
the basic model for kfc in the united states, not necessarily duplicated elsewhere, is a focus on low prices, a limited menu (29 items on average) and an emphasis on takeout. a "very strong percentage" of sales come from african american customers. many kfc locations are co-located with either taco bell or pizza hut, or other yum! restaurants. when yum! owned long john silver's and a&w restaurants, these brands were often co-branded with kfc as well. often these locations behave like a single restaurant, offering one menu with food items from both restaurant brands. in 2003, there were 354 kfc-taco bell combines, offering the full kfc menu and taco bell items, and 13 units offering the full kfc menu and a limited number of pizza hut items. the concept originated in 1991, when a kfc-taco bell combination opened in virginia. some locations were also opened as combinations of kfc, taco bell and pizza hut, but this failed to catch on, and yum! ceo david novak blamed a lack of franchisee commitment for its lack of success.
kfc