Kentucky Fried Chicken Company

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  • Topic: KFC, Louisville, Kentucky, Dave Thomas
  • Pages : 8 (2158 words )
  • Download(s) : 403
  • Published : March 3, 2013
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Introduction2
History of KFC (Kentucky Fried Chicken)2
History at-a-Glance3
KFC Logo6
Location of KFC headquarters7
Number of staff7
Number of branches7
Advantages of corporation8
Disadvantages of forming a corporation8
Company structure9
Product 10
Conclusion11
Reference12

Section 1
Introduction
KFC (Kentucky Fried Chicken) Corporation, based in Louisville, Kentucky, is the world's most popular chicken restaurant chain, specializing in Original Recipe, Extra Crispy, Kentucky Grilled Chicken and Original Recipe Strips with home-style sides, Honey BBQ Wings, and freshly made chicken sandwiches. Every day, more than 12 million customers are served at KFC restaurants in 109 countries and territories around the world. KFC operates more than 5,200 restaurants in the United States and more than 15,000 units around the world. KFC is world famous for its Original Recipe fried chicken -- made with the same secret blend of 11 herbs and spices Colonel Harland Sanders perfected more than a half-century ago. Customers around the globe also enjoy more than 300 other products -- from Kentucky Grilled Chicken in the United States to a salmon sandwich in Japan. KFC is part of Yum! Brands, Inc., the world's largest restaurant company in terms of system restaurants, with more than 36,000 locations around the world. The company is ranked #239 on the Fortune 500 List, with revenues in excess of $11 billion in 2008. History of KFC (Kentucky Fried Chicken)

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Kentucky Fried Chicken, pioneered by Colonel Harland Sanders, has grown to become one of the largest quick service food service systems in the world - with more than a billion "finger lickin' good" Kentucky Fried Chicken dinners served annually in more than 80 countries and territories. But success didn't come easily. In 1896 Harland's father died, forcing his mother to enter the workforce to support the family. At the tender age of six, young Harland was responsible for taking care of his younger siblings and doing much of the family's cooking. A year later he was already a master of several regional dishes. Over the course of the next 30 years, Sanders held jobs ranging from streetcar conductor to insurance salesman, but throughout it all his skill as a cook remained.

In 1930, the then 40-year-old Sanders was operating a service station in Corbin, Kentucky, and it was there that he began cooking for hungry travelers who stopped in for gas. He didn't have a restaurant yet, so patrons ate from his own dining table in the station's humble living quarters. It was then that he invented what's called "home meal replacement" - selling complete meals to busy, time-strapped families. He called it, "Sunday Dinner, Seven Days a Week." As Sanders' fame grew, Governor Ruby Laffoon made him a Kentucky Colonel in 1935 in recognition of his contributions to the state's cuisine. Within four years, his establishment was listed in Duncan Hines' "Adventures in Good Eating." As more people started coming strictly for the food, he moved across the street to increase his capacity. Over the next decade, he perfected his secret blend of 11 herbs and spices and the basic cooking technique that is still used today.

In 1955, confident of the quality of his fried chicken, the Colonel devoted himself to developing his chicken franchising business. Less than 10 years later, Sanders had more than 600 KFC franchises in the U.S. and Canada, and in 1964 he sold his interest in the U.S. company for $2 million to a group of investors including John Y. Brown Jr. (who later became governor of Kentucky). Under the new owners, Kentucky Fried Chicken Corporation grew rapidly. It went public in 1966, was listed on the New York Stock Exchange in 1969 and eventually was acquired by PepsiCo, Inc. in 1986. In 1997, PepsiCo, Inc. spun-off of its quick service restaurants- including KFC-into an independent restaurant company, Tricon Global Restaurants, Inc. Today, the...
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