Pepsi once owned KFC, Pizza Hut, and Taco Bell before those brands were spun off as Yum! Brands some years ago.
Burger King was owned by Pillsbury (1967-89); Grand Metropolitan/Diageo, the owners of the Guinness and Smirnoff brands (1989-2002); and different groups of investment firms, including Bain Capital and Goldman Sachs, ever since.




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