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Yum Brands
Yum! Brands, Inc. (or Yum!), formerly Tricon Global Restaurants, Inc., is an American fast food corporation listed on the Fortune 1000. Yum! 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. Based in Louisville, Kentucky, Yum! is one of the world's largest fast food restaurant companies in terms of system units. In 2016, Yum! had 43,617 restaurants, including 2,859 that were company-owned and 40,758 that were franchised, in 135 nations and territories worldwide. History PepsiCo fast food division The company's history began in 1977, when PepsiCo entered the restaurant business by acquiring Pizza Hut. A year later, PepsiCo purchased Taco Bell. In July 1986, R. J. Reynolds sold KFC to PepsiCo to pay off debt from its recent purchase of Nabisco. In 1990, Hot 'n Now was acquired via Taco Bell, but the company was ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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A&W Restaurants
A&W Restaurants is an American fast food restaurant chain distinguished by its burgers, draft root beer and root beer floats. Being the oldest restaurant chain in America, A&W's origins date back to 1919 when Roy W. Allen set up a roadside drink stand to offer a new thick and creamy drink, root beer, at a parade honoring returning World War I veterans in Lodi, California. Allen's employee Frank Wright partnered with him in 1922 and they founded their first restaurant in Sacramento, California in 1923. The company name was taken from the initials of their last names – Allen and Wright. The company became famous in the United States for its "frosty mugs" – the mugs were kept in a freezer and filled with A&W Root Beer just before being served to customers. Evolving into a franchise in 1926, the company today has locations in the United States and some Southeast Asian countries, serving a fast-food menu of hamburgers, hot dogs and French fries. A number of outlets serve as d ...
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A&W Root Beer
A&W Root Beer is an American brand of root beer that was founded in 1919 by Roy W. Allen – A&W root beer's official history and primarily available in the United States and Canada. Allen partnered with Frank Wright in 1922, creating the A&W brand and inspiring a chain of A&W Restaurants founded that year. Originally, A&W Root Beer sold for five cents (). 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. A&W Food Services of Canada, which is independent of both Keurig Dr Pepper and the U.S. restaurant chain, is responsible for the restaurants and marketing of root beer products in Canada, with retail products bottled and distributed by the Coca-Cola Company. The U.S. variant is also sold as an import drink in Southeast Asia and Italy (where A&W has restaurants), as well as in Australia, Chile and other countrie ...
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Stock Split
A stock split or stock divide increases the number of shares in a company. For example, after a 2-for-1 split, each investor will own double the number of shares, and each share will be worth half as much. A stock split causes a decrease of market price of individual shares, but does not change the total market capitalization of the company: stock dilution does not occur. A company may split its stock when the market price per share is so high that it becomes unwieldy when traded. One of the reasons is that a very high share price may deter small investors from buying the shares. Stock splits are usually initiated after a large run up in share price. Effects The main effect of stock splits is an increase in the liquidity of a stock: there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume. Berkshire Hathawa ...
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Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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Tricon Yum Logo
Tricon may refer to: * Tricon Global Restaurants, a spin-off company of PepsiCo that, after a merger, became known as Yum! Brands * Tricon Residential, formerly Tricon Capital, a Canadian real estate company * Tricon, an alternate name for the 24th World Science Fiction Convention, a convention held in three cities in 1966 * Tricon Award, an award presented to Lady Gaga at the 2020 MTV Video Music Awards * Tricon container, an intermodal shipping container one-third the size of a standard 20-foot container * Tricon, a consortium related to the Senator Lines shipping company * Tricon Films & Television, a production company that produced content such as the television series ''Cock'd Gunns'' * TRICON Garage, an automobile racing team formerly known as David Gilliland Racing * Tricon systems, an industrial safety-shutdown technology system produced by the company Triconex * Tricon Design, a company involved in the design of the Doha Metro * Tricon, a logo used by BBC Three * Vincent Tr ...
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East Side Mario's
East Side Mario's is a Canadian chain of casual dining restaurants, managed by its parent holding company Recipe Unlimited. The restaurant specializes in Italian-American cuisine. Individual locations aim to recreate the historic ambience found at the corner of Canal Street and Mulberry Street in Lower Manhattan. The brand is marketed as "A taste of little Italy". It is best recognized by its original logo featuring the Statue of Liberty holding a large tomato in place of a torch, as well as the jingle containing the catch phrase "Hey, budda boom budda bing". It has over 85 locations, all in Canada. History East Side Mario's was developed through the merger between several restaurant chains and began as a subsidiary of Yesac Creative Foods (later, Prime Restaurants). In February 1980, Sudbury, Ontario, entrepreneurs Nick Perpick, Ralph Roy and Gary Ceppetelli, opened the first Casey's restaurant. The restaurant's success prompted the opening of a second location in Elliot L ...
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D'Angelo Grilled Sandwiches
D'Angelo Grilled Sandwiches is a chain of 83 neighborhood-style sandwich shops found throughout New England, in Massachusetts, New Hampshire, Maine, Rhode Island and Connecticut. Founded in 1967 in Dedham, Massachusetts, D’Angelo Grilled Sandwiches serves various kinds of grilled, hot and deli sandwiches, rice & grain bowls, lobster rolls, grilled topped salads, wraps and hot soups. Famous for its Steak & Cheese sandwiches, the company's grilled sandwich Number 9 was called “the finest fast-food sandwich in the land” in a Bloomberg News column. History In March 1967, 21-year-old Brian J. McLaughlin and Jay Howland opened "Ma Riva's Sub Shop" in Dedham, Massachusetts. The name was later changed to Angelo Sub Shop, and the letter D was added around 1978, supposedly standing for "delicious." The name change was to avoid any confusion with Angelo supermarkets. D'Angelo sold salads, Syrian pocket bread and sub sandwiches. Their most popular sub was the Steak & Cheese sandw ...
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Chevys Fresh Mex
Chevys Fresh Mex is an American chain of Mexican-style casual dining restaurants located in the United States. The chain was founded in 1986 by Warren Simmons in Alameda, California. The chain's headquarters are currently located in Cypress, California. The chain is owned by Xperience Restaurant Group. History The chain was founded in 1981 by Warren Simmons, with his first restaurant in Alameda, California. It grew to 37 restaurants across California by August 1993, when it was acquired by PepsiCo subsidiary Taco Bell. When PepsiCo exited the restaurant business in 1997, Chevys was sold to the investment group J.W. Childs Associates. In 1999, Chevys purchased Rio Bravo Cantina, a poorly-performing chain of Tex-Mex restaurants with 66 locations across the United States, from Applebee's International for $59 million. Business was poor at the Rio Bravo locations, and in 2003 Chevys' executives filed for Chapter 11 bankruptcy protection. For the next year and&nbs ...
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California Pizza Kitchen
California Pizza Kitchen (CPK) is an American casual dining restaurant chain that specializes in California-style pizza. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, United States. Description The California Pizza Kitchen chain is widely known for its innovative and nontraditional pizzas, such as the "Original BBQ Chicken Pizza", Thai Chicken, and Jamaican Jerk Chicken pizzas. They also serve various kinds of pasta, salads, soups, sandwiches, and desserts. They have an extensive children's menu for children ages 10 and under which includes a variety of different pizzas, pastas, salad, and chicken. The chain has over 250 locations in 32 U.S. states and 10 other countries, including 15 California Pizza Kitchen nontraditional, franchise concepts designed for airports, universities, and stadiums. CPK's brand is licensed to a line of hand-tossed style, crispy thin crust, gluten-free crust, and small frozen pizza ...
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Hot 'n Now
Hot 'n Now is an American fast-food restaurant based in Holt, Michigan. Founded in 1984, the chain once grew to more than 150 locations throughout the United States at its peak. Subsequently, under the ownership of PepsiCo, the chain filed for bankruptcy in 2004, and was then sold to STEN Corporation. As of September 9, 2016, only the Sturgis, Michigan location remains in operation. The majority of the chain's locations focused entirely on drive-thru service, featuring a small-footprint building with a tall, slanted roof style. Some previous locations were more traditional fast-food locations, complete with seating, and others were combined with gas stations. History Hot 'n Now was founded in Kalamazoo, Michigan in 1984 by William Van Domelen. Van Domelen had opened the first Michigan Wendy's restaurants and was a franchisee of Burger Chef in Southwest Michigan. By 1990, the chain operated more than 100 stores in 15 different states, having grown due to the success of its simp ...
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