Three Restaurant Chains Prepare for Life After Pepsico (Published 1997) (2024)

FAQs

What 3 fast food chains did Pepsi buy? ›

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.

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.

In 1997, Pepsi Co announced that it would spin-off its restaurant business into a separate publicly traded company through issuance of tax free new stocks. The argument put forward by the PepsiCo top management was that the firm would like to concentrate on its core carbonated beverage business.

No. Taco Bell, along with Pizza Hut, KFC, and other restaurants was once owned by PepsiCo. This is why you still only see Pepsi brand beverages in those restaurants. In 1997, Pepsi's restaurant division was spun off and became Tricon Global Restaurants, then in 2002 rebranded as Yum!

Did you know that Pepsi bought KFC, Taco Bell, and Pizza Hut in the 1970s because they couldn't compete with Coca-Cola in the fast food marketplace? So instead of competing directly with Coca-Cola, they purchased these 3 chains and replaced Coca-Cola with Pepsi.

Our portfolio includes major global brands such as Pepsi, Lay's, Quaker, Gatorade, 7UP, Doritos, Cheetos and Ruffles, as well as regional and local brands like Gamesa, Mafer, Tortrix and Kero Coco. PepsiCo LatAm is led by Paula Santilli, CEO.

PepsiCo acquired Pizza Hut in November 1977. On May 30, 1997, PepsiCo spun off Pizza Hut, along with Taco Bell and Kentucky Fried Chicken, into a new company named Tricon Global Restaurants, Inc. The company assumed the name of Yum! Brands on May 22, 2002.

In July 1986, Reynolds announced the sale of KFC to PepsiCo for $850 million (around US$2.0 billion in 2020).

As of 2024, Subway was owned by the private equity group Roark Capital. Prior to that, Subway had been owned by its founding families for six decades.

Inspire Brands LLC is an American fast-food restaurant franchise company. Owned by Roark Capital Group, it owns the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts, and Baskin-Robbins chains, which have a combined 31,700 locations and US$30 billion in system sales.

Does Pepsi own Starbucks? ›

Is Starbucks owned by PepsiCo? Starbucks (NASDAQ:SBUX) is not owned by PepsiCo. However, the two beverage giants have a strategic partnership that began in the 1990s with Pepsi producing Starbucks' ready-to-drink bottled beverages that are available in stores.

The rights to the A&W brand (except in Canada) are owned by Keurig Dr Pepper, which in turn licenses the brand to the U.S.-based A&W Restaurant chain. A&W Root Beer products are distributed via various U.S. bottlers.

PepsiCo acquired Pizza Hut in November 1977. On May 30, 1997, PepsiCo spun off Pizza Hut, along with Taco Bell and Kentucky Fried Chicken, into a new company named Tricon Global Restaurants, Inc. The company assumed the name of Yum! Brands on May 22, 2002.

In 1978, PepsiCo purchased Taco Bell from Glen Bell. Several locations in the Midwestern United States were converted from Zantigo, a Minneapolis, Minnesota-based Mexican chain, which PepsiCo acquired in 1986. In 1990, the Hot 'n Now chain was acquired.

Traditionally Burger King had sold soft drinks from the Coca-Cola Company in the United States, but in 1983, PepsiCo was able to garner the US$444 million beverage supplier contract from its rival. Despite extreme market debate over the future of the contract, it was renewed for a second term in 1987.