Word: kfc
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Dates: during 1980-1989
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...finger- lickin' good deal. The secondlargest U.S. soft- drink manufacturer (1985 sales: $8.1 billion) announced last week that it had agreed to acquire Kentucky Fried Chicken, now owned by RJR Nabisco, for about $850 million. If the deal goes through, the purchase of the 6,500 KFC restaurants will give PepsiCo, which already owns Pizza Hut and Taco Bell, some 14,000 fast-food outlets, more than any other chain. McDonald's, with 9,000 stores, is the current leader...
Most Kentucky Fried Chicken outlets now serve Coke rather than Pepsi, but that could change. A PepsiCo official said the company will not break contracts between KFC and Coke but will work "vigorously" to wean its franchisees from the Real Thing...
...sold the business for $2 million to Nashville Businessmen Jack Massey and John Y. Brown Jr., now Kentucky's Democratic Governor; seven years later they peddled the chain to Heublein Inc. for an estimated $287 million in stock. Sanders, who stayed on at KFC Corp. as a $125,000-a-year consultant, never lost his sizzle. On occasion he would tour a KFC franchise and, if dissatisfied, tell newsmen that, say, the mashed potatoes tasted like "wallpaper paste...