Yum! Brands: Difference between revisions
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|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#Controversies|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. | ||
On March 2002, [https://tacobell.fandom.com/wiki/Yorkshire_Global_Restaurants Yorkshire Global Restaurants] announced a merger with Tricon Global Restaurants to form Yum! Brands, being finalized on | On March 2002, [https://tacobell.fandom.com/wiki/Yorkshire_Global_Restaurants Yorkshire Global Restaurants] announced a merger with Tricon Global Restaurants to form Yum! Brands, Inc. being finalized on 08 May, 2002, acquiring A&W and Long John Silver's chains. On 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 on September 2011 to A Great American Brand and LJS Partners LLC. | ||
Yum Brands is the parent company of | Yum Brands 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 on December 31, 2025<ref>{{Cite web |date=2026-02-26 |title=Yum Brands Revenue |url=https://www.wallstreetzen.com/stocks/us/nyse/yum/revenue |url-status=live |access-date=2026-02-26 |website=Wallstreet Zen}}</ref>, with its most largest subsidiary being Taco Bell. <ref>{{Cite web |first=Darius |date=2013-09-17 |title=Yum! Brands Marketcap, Net Worth, Competitors, Revenue, 2025 |url=https://www.companieshistory.com/yum-brands/ |url-status=live |access-date=2026-02-26 |website=Companies History}}</ref><ref>{{Cite web |last=Betz |first=Brandy |date=2018-10-02 |title=5 Things You Probably Didn't Know About Yum! Brands |url=https://www.fool.com/investing/general/2014/04/19/5-things-you-probably-didnt-know-about-yum-brands.aspx |url-status=live |access-date=2026-02-26 |website=The Motley Fool}}</ref> | ||
==Consumer-impact summary== | ==Consumer-impact summary== | ||
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{{Main|link to the main CR Wiki article}} | {{Main|link to the main CR Wiki article}} | ||
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 |date=2015-07-15 |title=KFC owner Yum sales take another hit in China |url=https://www.bbc.com/news/business-33532449 |url-status=live |access-date=2026-02-24 |website=BBC}}</ref><ref>{{Cite web |last=Economy |first=Elizabeth |date=2014-07-31 |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 |url-status=live |access-date=2026-02-24 |website=Council on Foreign Relations}}</ref> Yum | 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 |date=2015-07-15 |title=KFC owner Yum sales take another hit in China |url=https://www.bbc.com/news/business-33532449 |url-status=live |access-date=2026-02-24 |website=BBC}}</ref><ref>{{Cite web |last=Economy |first=Elizabeth |date=2014-07-31 |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 |url-status=live |access-date=2026-02-24 |website=Council on Foreign Relations}}</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 |date=2014-08-01 |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 |url-status=live |access-date=2026-02-24 |website=Food Safety Magazine}}</ref> and severing ties with the supplier and the parent company, OSI Group, worldwide.<ref>{{Cite web |last=Goh |first=Brenda |last2=Carsten |first2=Paul |date=2014-07-23 |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/ |url-status=live |archive-url=https://web.archivep75mbjunhxc6x4j5mwjmomyxb573v42baldlqu56ruil2oiad.onion/web/20260227223631/https://www.reuters.com/article/world/yum-cuts-ties-to-owner-of-china-meat-plant-after-scandal-idUSKBN0FS2HH/ |archive-date=2026-02-27 |access-date=2026-02-27 |website=Reuters}}</ref> | ||
==See also== | ==See also== | ||