In 1977, PepsiCo entered the restaurant business with the acquisition of Pizza Hut. It added Taco Bell in 1978 and KFC in 1986.
In 1990, Taco Bell acquired Hot ‘n Now, a quick-service burger chain. It was sold in 1996.
In 1993, PepsiCo added Chevys Fresh Mex, D’Angelo Grilled Sandwiches and Italian American chain East Side Mario’s to its portfolio.
In 1997, PepsiCo spun off its restaurant division into a separate company known as Tricon Global Restaurants. Tricon became the parent company to KFC, Pizza Hut, and Taco Bell; PepsiCo’s other restaurant brands were sold.
In 2002, Tricon acquired Yorkshire Global Restaurants, parent company to Long John Silver’s and A&W Restaurants, after the two companies had experimented with cobranding their restaurants since 2000. The company also changed its name to Yum Brands.
In 2003, Yum Brands acquired Pasta Bravo and cobranded some Pizza Hut restaurants with it. The last Pasta Bravo restaurant closed in 2011.