The shift is motivated by Texas' favorable business climate, which has increasingly attracted firms seeking lower taxes and a more accommodating regulatory environment. Yum Brands plans to establish dual headquarters, with KFC and Pizza Hut based in Texas, while Taco Bell and Habit Burger & Grill will maintain their operations in Irvine, California. Yum Brands CEO David Gibbs emphasized the necessity of this change for sustainable growth to enhance service for customers and stakeholders alike. However, Governor Beshear lamented the loss, noting KFC's branding deeply rooted in Kentucky's identity.
KFC's history is deeply intertwined with Kentucky culture, dating back to its origins in a small service station in Corbin. Today, the brand boasts a global presence with over 24,000 outlets across more than 145 countries, though this latest development raises questions about the future of its connection to the state it was named after. Following the pandemic, many companies have opted for moves to Texas, with cities like Austin emerging as prime targets due to their appealing business ecosystems, according to a recent CBRE report.
KFC's history is deeply intertwined with Kentucky culture, dating back to its origins in a small service station in Corbin. Today, the brand boasts a global presence with over 24,000 outlets across more than 145 countries, though this latest development raises questions about the future of its connection to the state it was named after. Following the pandemic, many companies have opted for moves to Texas, with cities like Austin emerging as prime targets due to their appealing business ecosystems, according to a recent CBRE report.
