Science Fair Project Encyclopedia
Yum! Brands, Inc.
Yum! Brands, Inc. or Yum! is a Fortune 500 corporation, that operates A&W, KFC, Long John Silver's, Pizza Hut and Taco Bell worldwide. Based in Louisville, Kentucky, it's the world's largest quick-service (a.k.a. "fast food") restaurant company in terms of system units—nearly 33,000 restaurants around the world in more than 100 countries and territories.
KFC, Pizza Hut, Taco Bell and Long John Silver's are global leaders of their respective restaurant categories. Yum!'s global system sales totaled more than $24 billion in 2002.
Yum! was created on October 7 1997 as Tricon Global Restaurants, Inc. an independent, publicly owned company, as a result of a spin-off from PepsiCo, who owned, and franchised the KFC, Pizza Hut and Taco Bell brands worldwide.
In March 2002, Tricon announced the acquisition of Yorkshire Global Restaurants, headquartered in Lexington, Kentucky, and its two brands: Long John Silver's and A&W All-American Food. At that time, management announced its intention to change the company's name to Yum! Brands, Inc., which better reflected the entire portfolio of restaurants/brands as well as the company's New York Stock Exchange ticker: YUM. The Yorkshire acquisition was completed May 7, 2002, to drive the company's commitment to multibranding. On May 16, 2002, the name change became effective after a vote during the company's Annual Meeting of Shareholders. On June 17, 2002, YUM executed a two-for-one stock split.
- List of United States companies
- Priszm Brandz—owns the Canadian franchises for all Yum! divisions except for A&W
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