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The Colonel, who was 74 years old at the time, decided to sell his business for $2 million to Jack Massey and John Young Brown Jr. who focused on expanding KFC throughout the US. In the late 1960s, KFC was stabilized in the US and the owners turned their focus to international markets. By 1971, KFC had established 2,450 franchises and 600 company-owned restaurants in 48 countries.
PepsiCo acquired KFC in 1986 along with Pizza Hut and Taco Bell shortly after. PepsiCo decided to spin off all three restaurants into an independent, publicly held company called Tricon Global Restaurants, Inc. Then in 2002 Tricon acquired Long John Silver and A&W All-American Food Restaurants where they, shortly after, changed their Tricon name to Yum! Brands, Inc...
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