KFC Relocates Headquarters from Kentucky to Texas in Corporate Restructuring
KFC's parent company Yum! Brands announces the relocation of its corporate office from Louisville, Kentucky to Plano, Texas, impacting about 100 employees.
Overview
Yum! Brands is relocating KFC’s U.S. corporate office from Louisville to Texas, impacting about 100 jobs while retaining a presence in Kentucky through a $1 million scholarship endowment and a new flagship restaurant. Local leaders express disappointment, fearing the loss of Kentucky's heritage in the brand. The move aims to enhance collaboration among Yum's multiple brands as part of a broader strategy.
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KFC is relocating its headquarters to Texas as part of Yum Brands' broader strategy to enhance collaboration among its brands and position itself for sustainable growth. Texas offers better prospects for growth due to its business-friendly environment and lower taxes.
About 100 corporate employees will be relocated to Texas over the next six months. Additionally, 90 remote workers will be asked to relocate within the next 18 months. Employees will receive relocation and transition support.
Despite relocating its headquarters, KFC will maintain a presence in Kentucky. Yum Brands will retain corporate offices and the KFC Foundation in Louisville. Additionally, KFC plans to build a first-of-its-kind flagship restaurant in Louisville and has committed a $1 million endowment to the University of Louisville's College of Business.
Local leaders, including Governor Andy Beshear and Louisville Mayor Craig Greenberg, have expressed disappointment with the decision. They hope Yum Brands will reconsider moving employees out of Kentucky, noting the brand's historical ties to the state.
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