YUM: Tricon Global Restaurants was spun off from Pepsi in 1997 as an independent company.

At the time, Tricon consisted of several chains: Pizza Hut was started by two brothers, Frank and Dan Carney, in 1958. It went public in 1972. Taco Bell was the brainchild of Glen Bell, who opened the first one in 1962 and sold the first Taco Bell franchise two years later. Bell had owned several restaurants prior to opening Taco Bell. Bell took the company public in 1970. both companies were purchased by Pepsi in 1978. Kentucky Fried Chicken was created in 1952, although its founder, Colonel Harland Sander, had been serving fried chicken since 1930, and created his "original recipe" in 1940. Sanders sold the chain in 1962, and it was sold several more times before being acquired by Pepsi in 1996 and rebranded as KFC in 1991. When Tricon bought Yorkshire Global Restaurants, which owned Long John Silver's and A&W, in March 2002, it changed its corporate name to Yum! Brands, which is how it is known today. Given the chains' relationship to Pepsi, all the restaurants serve Pepsi brand sodas, except for A&W, which because of its name sells the A&W root beer owned by the Dr. Pepper Snapple Group. Yum Brands launched Wing Street in combination with Pizza Hut in 2003; since then, the chain has gone national. Yum! Brands has also reached out to China, opening the East Dawning chain in China. In recent years, Yum! Brands has sold off Long John Silver's and A&W, preferring to focus on its core chains of Taco Bell, Pizza Hut, and KFC, which have an international presence, and has also expanding its China presence by acquiring the Little Sheep hotpot chain there.