**History and Evolution:**
– PepsiCo entered the restaurant business in 1977 by acquiring Pizza Hut and Taco Bell.
– In 1986, PepsiCo acquired KFC from R. J. Reynolds to pay off debt.
– Hot n Now was acquired in 1990 and later sold in 1996.
– In 1992, PepsiCo acquired California Pizza Kitchen.
– PepsiCo exited the restaurant business in 1997.
– Yum! Brands was created in 1997 as Tricon Global Restaurants, Inc.
– Tricon merged with Yorkshire in 2002 to form Yum! Brands.
**International Expansion and Challenges:**
– Yum! disposed of Long John Silvers and A&W brands in 2011.
– Yum! purchased Little Sheep in China in 2011.
– KFC opened in the West Bank in 2012.
– Yum! faced challenges in China due to chemical residue in chicken in 2013.
– Yum! expanded into Mongolia, India, and other countries.
**Acquisitions and Business Growth:**
– Yum! acquired The Habit Burger Grill in 2020.
– Yum! acquired several technology companies in 2020 and 2021.
– Yum! completed the acquisition of Dragontail Systems in 2021.
– Yum! acquired 218 restaurants from EG Group in the UK and Ireland in 2023.
– Yum! continues to expand its restaurant and technology portfolio globally.
**Leadership and Corporate Changes:**
– Current CEO of Yum! Brands is David Gibbs.
– Former Yum! Brands CEOs include Greg Creed and David C. Novak.
– Robert D. Walter became non-executive chairman at the May 2016 AGM.
– Yum! Brands announced its intention to split into two companies on October 20, 2015.
– Yum China was spun off on November 1, 2016.
**Technological Advancements and Financial Reports:**
– Yum! Brands’ financial information can be found in its Form 10-K filings with the SEC.
– Yum! Brands has been focusing on AI technology acquisitions.
– Yum! Brands financial reports include Form 8-K and Form 10-K filings.
– Yum! Brands has made significant strides in expanding its tech portfolio and enhancing its marketing platforms.
– Yum! Brands has separated into two independent companies, with Yum China Holdings, Inc. becoming a separate entity.
Yum! Brands, Inc. (sometimes called simply Yum!), formerly Tricon Global Restaurants, Inc., is an American multinational fast food corporation listed on the Fortune 1000. 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. The company was created as a spin-off of PepsiCo in 1997.
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| Formerly | Tricon Global Restaurants, Inc. (1997–2002) |
|---|---|
| Company type | Public |
| Industry | Foodservice |
| Predecessor | PepsiCo |
| Founded | October 6, 1997 |
| Headquarters | , U.S. |
Number of locations | 53,424 (2021) |
Area served | Worldwide |
Key people |
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| Revenue |  US$6.840 billion (2022) |
 US$1.930 billion (2019) | |
| US$1.294 billion (2019) | |
| Total assets | US$5.231 billion (2019) |
| Total equity | −US$8.016 billion (2019) |
Number of employees | 34,000 (2019) |
| Subsidiaries |
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| Website | yum |
Based in Louisville, Kentucky, Yum! is one of the world's largest fast food restaurant companies in terms of system units. In 2016, Yum! had 43,617 restaurants, including 2,859 that were company-owned and 40,758 that were franchised, in 135 nations and territories worldwide.