SCOTT'S RESTAURANTS AND TRICON GLOBAL COME TOGETHER
By Adnews Staff
Scott's Restaurants Inc. of Markham, Ontario and Tricon Global Restaurants Inc. of Louisville, Kentucky are combining their Canadian restaurant operations to form a new as of yet unnamed company. Tricon's Canadian head office is based in Rexdale, Ontario. Scott's, which is North America's largest KFC franchisee, operates 338 restaurants in Ontario, Alberta and Quebec. Tricon Global's brands include KFC, Pizza Hut and Taco Bell. The new company will combine all 639 Canadian Pizza Hut, KFC and Taco Bell restaurants that are currently owned by Scott's and Tricon into one company. The breakdown of the new company includes 498 KFC franchises, 139 Pizza Hut locations and two Taco Bell stores across Canada. The new company will be majority owned by the owners of Scott's, with board representation from both companies. John Bitove Jr., chairman of Scott's Restaurants, will hold the same title within the new company. The deal is expected to close early in the New Year.