Yum! Brands: Difference between revisions
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{{CompanyCargo | {{CompanyCargo | ||
|Founded=1977-11-08 | |Founded=1977-11-08 | ||
|Industry=Food | |Industry=Food | ||
|Logo=Yum! Brands logo | |Logo=Yum! Brands logo.png | ||
|Type=Public | |Type=Public | ||
|Website=https://www.yum.com/ | |Website=https://www.yum.com/ | ||
}} | }} | ||
'''{{Wplink|Yum! Brands}}''', formally '''Tricon Global Restaurants, Inc.''', was founded in 1977 as a subsidiary of {{Wplink|PepsiCo|PepsiCo, Inc.}} after acquiring [[KFC]], [[Pizza Hut]] and [[Taco Bell]]. PepsiCo left the restaurant business in January 1997, resulting in the creation of Tricon Global Restaurants, Inc. as the parent company of KFC, Pizza Hut and Taco Bell originally. | |||
In March 2002, {{Wplink|Yorkshire Global Restaurants}} announced a merger with Tricon Global Restaurants to form Yum! Brands, Inc. being finalized on 8 May 2002, acquiring A&W and Long John Silver's chains. In January 2011, Yum! announced plans to remove Long John Silver's and A&W brands to better focus on KFC, Pizza Hut, and Taco Bell, selling in September 2011 to A Great American Brand and LJS Partners LLC. | |||
== | Yum! is also the parent company of Habit Burger & Grill, Heartstyles, Tictuk Technologies, Kvantum, and Dragontail Systems, making it one of the largest fast-food companies, with a revenue of $8.21 Billion by 31 December 2025,<ref>{{Cite web |author= |title=Yum Brands Revenue |url=https://www.wallstreetzen.com/stocks/us/nyse/yum/revenue |website=Wallstreet Zen |date=26 Feb 2026 |access-date=4 Mar 2026 |url-status=live |archive-url=https://web.archive.org/web/20260305034102/https://www.wallstreetzen.com/stocks/us/nyse/yum/revenue |archive-date=5 Mar 2026}}</ref> with its largest subsidiary being Taco Bell.<ref>{{Cite web |author=Darius |title=Yum! Brands Marketcap, Net Worth, Competitors, Revenue, 2025 |url=https://www.companieshistory.com/yum-brands/ |website=Companies History |date=6 Nov 2025 |access-date=4 Mar 2026 |url-status=live |archive-url=https://web.archive.org/web/20260305034643/https://www.companieshistory.com/yum-brands/ |archive-date=5 Mar 2026}}</ref> | ||
==Consumer impact summary== | |||
{{Ph-C-CIS}} | |||
==Incidents== | ==Incidents== | ||
This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]]. | This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]]. | ||
In 2014, Yum! Brands, along with other fast food companies like McDonald's and Starbucks in China, discovered that their meat supplier, Shanghai Husi Food Co., supplied them with expired or rotten meat, as a result of this incident their revenue dropped by 10%.<ref>{{Cite web | | ===Food safety violations (''2014'')=== | ||
In 2014, Yum! Brands, along with other fast food companies like McDonald's and Starbucks in China, discovered that their meat supplier, Shanghai Husi Food Co., supplied them with expired or rotten meat, as a result of this incident their revenue dropped by 10%.<ref>{{Cite web |author= |title=KFC owner Yum sales take another hit in China |url=https://www.bbc.com/news/business-33532449 |website=BBC |date=15 Jul 2015 |access-date=4 Mar 2026 |url-status=live |archive-url=https://web.archive.org/web/20150718014704/https://www.bbc.com/news/business-33532449 |archive-date=18 Jul 2015}}</ref><ref>{{Cite web |last=Economy |first=Elizabeth C. |title=Yum, Yum, Yum: Another Food Safety Scandal Rocks Multinationals in China |url=https://www.cfr.org/articles/yum-yum-yum-another-food-safety-scandal-rocks-multinationals-china |website=Council on Foreign Relations |date=31 Jul 2014 |access-date=4 Mar 2026 |url-status=live |archive-url=https://web.archive.org/web/20260305035552/https://www.cfr.org/articles/yum-yum-yum-another-food-safety-scandal-rocks-multinationals-china |archive-date=5 Mar 2026}}</ref> Yum! responded by issuing an apology to customers, offering rewards to whistleblowers for exposing safety violations, requiring managers review suppliers regularly,<ref>{{Cite web |last=Parsons |first=Heidi |title=Food Safety Fears Cause Consumers to Boycott Yum, McDonald's Restaurants in China |url=https://www.food-safety.com/articles/2892-food-safety-fears-cause-consumers-to-boycott-yum-mcdonalds-restaurants-in-china |website=Food Safety Magazine |date=1 Aug 2014 |access-date=4 Mar 2026 |url-status=live |archive-url=https://web.archive.org/web/20211207093211/https://www.food-safety.com/articles/2892-food-safety-fears-cause-consumers-to-boycott-yum-mcdonalds-restaurants-in-china |archive-date=7 Dec 2021}}</ref> and severing ties with the supplier and the parent company, OSI Group, world-wide.<ref>{{Cite web |last1=Goh |first1=Brenda |last2=Carsten |first2=Paul |title=Yum cuts ties to owner of China meat plant after scandal |url=https://www.reuters.com/article/world/yum-cuts-ties-to-owner-of-china-meat-plant-after-scandal-idUSKBN0FS2HH/ |website=Reuters |date=23 Jul 2014 |access-date=4 Mar 2026 |url-status=live |archive-url=https://ghostarchive.org/archive/QXPLj |archive-date=5 Mar 2026}}</ref> | |||
==Products== | |||
{{Ph-C-P}} | |||
==See also== | ==See also== | ||
*[[Restaurant Brands International|Restaurant Brand International]] | |||
*[[Restaurant Brand International]] | |||
*[[McDonald's]] | *[[McDonald's]] | ||
*[[Wendy's]] | *[[Wendy's]] | ||
==References== | ==References== | ||
{{ | {{Reflist}} | ||
[[Category:{{PAGENAME}}]] | [[Category:{{PAGENAME}}]] | ||