Search results
Taco Bell announced plans in November 2017 to open 300 more urban and Cantina-style locations by 2022, with 50 to be located about New York City's five boroughs. [57] In 2019 Taco Bell opened a pop-up hotel called "The Bell: A Taco Bell Hotel and Resort" for one weekend in August. Upon the announcement, the hotel was booked up in two minutes. [58]
Taco Bell has been named as one of TIME’s 100 Most Influential Companies in 2023, awarded Entrepreneur Magazine’s Franchise of the Year for 2020, 2021, 2022 and 2023, and featured in Fast Company’s Most Innovative Companies in 2023 and 2024. To learn more, please visit tacobell.com.
The company was created as a spin-off of PepsiCo in 1997. Based in Louisville, Kentucky, Yum! is one of the world's largest fast food restaurant companies in terms of system units. In 2016, Yum! had 43,617 restaurants, including 2,859 that were company-owned and 40,758 that were franchised, in 135 nations and territories worldwide. [3]
(The first Taco Bell was opened with 40 shares, each worth $100 and held mostly by Bell's family.) In 1967 McKay was named president of Taco Bell. At that time the company owned 12 restaurants, with an additional 325 franchises. By 1970 Taco Bell had become a $6 million operation, producing annual profits of approximately $150,000.
Three years later, Bell took the company public; by then it had a total of 325 restaurants located across the West region of the United States. In 1978 PepsiCo Inc. purchased 868 Taco Bell restaurants for about $125 million. It was this sale that began Taco Bell’s shift from a regional hit to a national sensation.
Yum! was founded in 1997, yet our four iconic brands are decades old with rich histories. Born of the ambitions and grit of passionate entrepreneurs, our KFC, Taco Bell, Pizza Hut and The Habit Burger Grill brands have grown to include more than 59,000 restaurants in over 155 countries and territories, operated primarily by our approximately ...
People also ask
Is Taco Bell owned by PepsiCo?
Is Taco Bell a good company?
Who owns KFC & Taco Bell?
Who owns Taco Bell precursor?
Where is Taco Bell based?
Is Taco Bell a Mexican restaurant?
Jan 22, 2016 · First up: Kermit Becky, a former LAPD officer who opened a Taco Bell in Torrance. 5. THE COMPANY SOLD TO PEPSICO IN 1978. Taco Bell’s success caught the soda giant’s eye as early as the late '60s.
