Yum! Brands, Inc.
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Formerly called
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Tricon Global Restaurants |
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| Public | |
| Traded as | : YUM S&P 500 Component |
| Industry | Restaurants |
| Founded | May 30, 1997 |
| Headquarters | Louisville, Kentucky, U.S. |
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Area served
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Worldwide |
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Key people
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| Revenue |
 US$6.366 billion (2016) |
 US$1.625 billion (2016) |
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US$1.619 billion (2016) |
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| Total assets |
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| Total equity |
US$5.656 billion (2016) |
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Number of employees
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Approximately 90,000 (as of December 2016) |
| Subsidiaries |
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| Website | www |
Yum! Brands, Inc., or Yum! and formerly Tricon Global Restaurants, Inc., is an American fast food company. A Fortune 500 corporation, Yum! operates the brands Taco Bell, KFC, Pizza Hut, and WingStreet worldwide, except in China, where the brands are operated by a separate company, Yum China. Prior to 2011, Yum! owned Long John Silver's and A&W Restaurants.
Based in Louisville, Kentucky, it is one of the world's largest fast food restaurant companies in terms of system units—with 43,617 restaurants (including 2,859 that are company-owned and 40,758 that are franchised) around the world in over 135 countries and territories.
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. Tricon Global was spun out in late 1997. Tricon selected Louisville as its headquarters moving near the KFC Restaurant Support Center from the Pepsi HQ in Purchase, New York, by early 1998.
In 2000, Tricon Global agreed to test multi-branded locations with Yorkshire Global Restaurants. By March 2002, the Tricon-Yorkshire multibranding test consisted of 83 KFC/A&Ws, six KFC/Long John Silver's and three Taco Bell/Long John Silver's and was considered successful by the companies.
In 2001, KFC started test restaurants in Austin, Texas, called "Wing Works", which is a chicken wing line sold with one of a few flavored sauces. Also, KFC hired a consultant to develop a breakfast menu.
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. On May 16, 2002, the name change became effective after a vote during the company's annual shareholders meeting, and on June 17, 2002, Yum! executed a two-for-one . Shortly afterwards, due to Yum!'s lifetime contract with Pepsi, Long John Silver's and A&W Restaurants (both of which previously served Coca-Cola products) began gradually switching to Pepsi products, with A&W Restaurants retaining A&W Root Beer from a separate deal with Dr Pepper/Seven Up (now Dr Pepper Snapple Group).
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Wikipedia