Yum! Brand Sells A&W and Long John Silver’s

September 26, 2011

Yum! Brands, Inc., the home of big fast food chains, Taco Bell, Pizza Hut and KFC, found buyers of its two restaurant chains, Long John Silver’s and A&W Restaurants.  The company said that the sale will enable them to focus more on their international business strategies where they are looking at a significant growth. 

Long John Silver’s is being bought by LJS Partners LLC, and A&W by A Great American Brand LLC.  Financial terms of the deals were not yet disclosed.  These two companies, according to Yum! Brands, do not fit into its long-term strategy because of the minimal presence outside US and zero presence in China, the company’s critical market.

The two food chains were acquired in 2002 for $320 million.  A&W Restaurants started in 1919 as a root beer stand in California.  It is named after its two founders, Allen and Wright.  Today, there are over 600 A&W restaurants globally.  40-year-old Long John Silver’s, on the other hand, has over 1,200 restaurants worldwide.

 

 

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