KFC moves its head office from Kentucky to Texas, the parent company announced on Tuesday.
The fast food chain, founded by Colonel Harland Sanders as Kentucky Fried chicken, Leave his offices in Louisville to move in the suburb of Dallas of Plano, Yum! Said brands.
About 100 business employees currently located in Kentucky will have to move to Plano for the next six months, while 90 more external employees will also move in the coming 18 months.
KFC will become a member of Pizza Hut Global, Die Yum! Brands also own, in Texas. Taco Bell and the Citizen & Grill, other remarkable subsidiaries of the company, remain headquarters in Irvine, California.
“These changes position us for sustainable growth and will help us to better serve our customers, employees, franchisees and shareholders,” said David Gibbs, the CEO of Yum! Brands Chief Executive Officer.
Ultimately, it will bring more of our people together on a consistent basis, maximize our unparalleled culture and talent as a competitive advantage. I am convinced that this is another important step to grow our iconic restaurant brands worldwide. '
The KFC Foundation, which was founded in 2006 to help its employees go to university, will still have offices in Louisville.
KFC will also offer a $ 1 million donation to the College of Business at the University of Louisville to finance fairs via Yum! Brands for students in Kentucky.
KFC moves its headquarters from Kentucky to Plano, Texas
Colonel Harland Sanders (depicted in June 1977) founded KFC in 1952 and opened the first franchiselocation in Salt Lake City, Utah
Yum! Brands also said that it is planning to maintain a manufacture in Louisville 'with the ambition to build a first -class flagship restaurant.'
Mayor of Louisville Craig Greenberg told WHAS11 that he is 'disappointed', the company is moving, adding that KFC was born in Louisville and 'synonymous with Kentucky'.
Many large companies have moved to Texas in recent years, including Tesla, Oracle and Chevron.
Unlike many other states, Texas does not raise business or personal income tax, making it a friendlier climate for companies.
Kentucky, on the other hand, has a corporation tax of 5 percent.
KFC was founded as Kentucky Fried Chicken in 1952, when Colonel Sanders opened the first franchiselocation in Salt Lake City, Utah. There are now more than 30,000 KFC restaurants worldwide.
Kentucky Fried Chicken was abbreviated to the initials in 1991, so that hopefully people would no longer associate the restaurant with unhealthy 'fried' food.
Yum! Brands, the entity that now owns KFC, formed after a spider -off from Pepsico in 1997 and a merger with Tricon Global restaurants in 2002.
Shares of Yum! So far, brands have been more than 10 percent higher, partly fed by strong income this quarter of the international locations of Taco Bell and KFC.
