Did Pepsi buy Taco Bell?

Yes, PepsiCo acquired Taco Bell in 1978, marking a significant expansion of its business portfolio beyond beverages. This acquisition allowed PepsiCo to diversify its offerings and tap into the fast-food market. In the years that followed, PepsiCo decided to streamline its operations and focus more on its core beverage business. As a result, in 1997, the company spun off its restaurant division, which included Taco Bell, KFC, and Pizza Hut, into a separate entity called Tricon Global Restaurants. This division later rebranded itself as Yum! Brands in 2002, which has since become one of the largest fast-food companies in the world. Today, Taco Bell operates independently under the Yum! Brands umbrella, continuing to innovate and expand its menu to cater to changing consumer preferences.