July 24, 1986 |
Pepsico Inc. announced today that it has reached an agreement in principle to purchase Kentucky Fried Chicken Corp. from RJR Nabisco Inc. for about $850 million in cash. Kentucky Fried Chicken is the second largest restaurant chain in the world--after McDonald's Corp.--with its 6,500 franchised and company-owned restaurants. Pepsico already operates Pizza Hut and Taco Bell restaurants, in addition to its Pepsi-Cola soft drink and Frito-Lay snack foods businesses.
July 24, 1989 |
In a food-and-beverage-industry version of the domino theory, a high-level executive change at Philip Morris Cos.' General Foods division has led to similar changes at Kraft General Foods, as well as Pepsico Inc. and its Kentucky Fried Chicken Corp. subsidiary. Miles L. Marsh, who served as president of General Foods USA, will move to Whitman Corp. Sept. 1 as president and chief operating officer, according to the company.
February 6, 1987 |
Church's Fried Chicken Inc. the nation's second-largest fried chicken chain, says it has received a request for a meeting to discuss a possible acquisition by Sonic Industries Inc. Richard F. Sherman, president and chief executive of Church's, confirmed Thursday that Sonic has requested the negotiations. Sherman said his company will respond to the request at an unspecified date. Sonic's chief executive, C.
March 9, 1989 |
If you want to know what the average American is thinking, marketing experts say, head for Des Moines. It seems that residents of the Iowa capital are surveyed by phone more often per capita than people anywhere else in the nation, according to a Connecticut company that sells phone numbers to market researchers. "Des Moines is considered kind of average, your typical U.S. metro kind of thing," said Beth Wallace, a spokeswoman for Survey Sample Inc. "Our customers want average metro areas."
June 23, 1993
* Tod Pulsifer has been appointed vice president of sales for the electronic imaging division of Toshiba America Information Systems Inc. in Irvine. Pulsifer, who joined Toshiba in 1982, was previously a director of sales and marketing for the division. * Darryl Walker has been appointed vice president of HA-LO Industries Inc. with responsibility for sales, customer service and new business development in California. He will be based in the Irvine office of the Niles, Ill.
May 5, 1987 |
Church's Fried Chicken, which has been the subject of takeover speculation in recent months, received a buyout offer valuing the company at about $469 million, the nation's second-largest fast-food chicken operation said Monday. The San Antonio-based concern received the offer from a private investment group that includes Church's former president and chief executive, Richard F. Sherman. Sherman resigned his positions in February after announcing an interest in buying Church's.
July 9, 1986 |
Responding to pressure from attorneys general in California and 11 other states, five of the nation's largest fast-food restaurants have agreed to disclose to consumers what's in their food, state officials announced Tuesday. Burger King, Jack-in-the-Box, Kentucky Fried Chicken and Wendy's restaurants agreed to disclose calorie counts, ingredients and food additives, as well as protein, carbohydrate, cholesterol and sodium levels of their food in company-owned outlets.
CALIFORNIA | LOCAL
January 10, 1988 |
Employers used to call them over the hill, but now they're "mature workers," and they fast are being recruited by personnel departments that once all but shunned them. They are senior citizens. Fast-food restaurants, faced with a shrinking pool of teen-age workers, are aiming their hiring campaigns at the older worker, often retired people trying to supplement their Social Security income.
July 10, 1987 |
After years of offering bigger entrees with names like the Whopper and Chicken-On-a-Bun, some fast-food operators have become imitators of the thriving White Castle hamburger chain, which sells a tiny 32-cent burger in the East that's achieved cult status. Burger King, which has been trying to overhaul its image following ineffective marketing efforts, announced this week that its 1,200 outlets throughout the United States will begin offering mini-cheeseburgers it calls Burger Bundles.