KFC and Taco Bell are not independently owned; rather, they are both subsidiaries of the same parent company, Yum! Brands Inc. This corporation is a major player in the fast food industry and also includes other well-known brands such as Pizza Hut. Yum! Brands Inc. was established in 1997 and has since grown to become one of the largest restaurant companies in the world, operating thousands of locations across various countries. The relationship between these brands allows them to share resources and marketing strategies, which can enhance their overall business performance. Therefore, while KFC and Taco Bell offer distinctly different menus and dining experiences, they are united under the umbrella of Yum! Brands, which oversees their operations and strategic direction.