Tricon to Acquire A&W and Long John Silver's

<b></b>
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Dallas--Tricon Global Restaurants, franchisor of KFC, Pizza Hut and Taco Bell, inked an agreement to purchase A&W and Long John Silver's restaurants from Yorkshire Global Restaurants for $270 million in cash. Tricon will also assume $50 million in debt. The deal grew out of a licensing deal Tricon made with Yorkshire in 2000 to test co-branding the two companies' concepts in several locations. -New York Post

Tricon has also teamed up with Memphis-based Back Yard Burgers to add upscale burgers to the menus of 10 of Tricon's KFC, Pizza Hut and Taco Bell units. If all goes well, the agreement allows Tricon to co-brand as many as 500 more restaurants. -QSR

More from Entrepreneur
Entrepreneur Select: A Fund For Entrepreneurs, By Entrepreneurs

Entrepreneurs require more than just money, which is why we aim to empower you, as well as act as a catalyst for value creation.

Make sure you’re covered if an employee gets injured at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business
Discover a better way to hire freelancers. From business to marketing, sales, finance, design, technology, and more, we have the freelancers you need to tackle your most important work and projects, on-demand.

Latest on Entrepreneur