WEDNESDAY, 4.30PM
PEPSICO has announced the spin-off of their restaurant interests world-wide through the formation of Tricon Global Restaurants Incorporated.
Three divisions within the new organisation are geared towards the US market. A fourth arm, Tricon Restaurants International (TRI), is focused on international business, including South Africa. TRI now replaces PepsiCo Restaurants International in the running of KFC, Pizza Hut and Taco Bell in South Africa.
Frank Kiely, managing director of TRI South Africa, says the move will allow Tricon to focus on their restaurant interests. Consumers are unlikely to see many changes in the running of the local KFC and Pizza Hut businesses.