Tricon Global Restaurants
Time: Aug, 1997
Place: Louisville, Kentucky, U.S.
Details: In August 1997, PepsiCo spun off its restaurant division as a public company valued at US$4.5 billion. The new company was named Tricon Global Restaurants, and by that time it had 30,000 outlets and annual sales of US$10 billion, making it second in the world only to McDonald's.