Yum! Brands ownership changes · Brandtreehttps://brandtree.site/company/yum-brandsAcquisitions, divestitures and ownership changes involving Yum! Brands.Spin-off: Yum! Brands — KFC, Pizza Hut and Taco Bellhttps://brandtree.site/deal/pepsico-spins-off-tricon-1997https://brandtree.site/deal/pepsico-spins-off-tricon-1997Mon, 06 Oct 1997 00:00:00 GMTPepsiCo spun off its restaurant business as Tricon Global Restaurants, taking KFC, Pizza Hut and Taco Bell out of the drinks and snacks company. PepsiCo had found that operating restaurants competed for capital with its packaged goods brands and complicated its relationships with other chains. Tricon renamed itself Yum! Brands in 2002.