End-of-an-era: KFC leaving its Kentucky home and moving to Texas
What's the story
Kentucky Fried Chicken (KFC), the popular fast-food chain, is moving its US corporate headquarters from Louisville in Kentucky to Plano, Texas.
Yum Brands, KFC's parent company, announced the move.
About 100 corporate employees and a few remote workers will be impacted by the decision. However, they will be supported by the firm in their relocation process.
Strategic shift
Yum Brands's new dual headquarters strategy
The relocation is part of Yum Brands's strategy to create two main headquarters for its top brands.
While KFC and Pizza Hut will now operate from Plano, Texas; Taco Bell and Habit Burger & Grill will continue their operations from Irvine, California.
The move comes in line with a recent trend of companies moving to Texas owing to its lower taxes and business-friendly policies.
Growth prospects
Yum Brands's CEO comments on relocation
David Gibbs, CEO of Yum Brands, said these changes are focused on sustainable growth and better serving customers, employees, franchisees, and shareholders.
The company also hopes this plan will improve collaboration between its workers and brands.
Despite the move, Yum will retain its corporate offices as well as the KFC Foundation in Louisville.
Disappointment
Kentucky Governor criticizes KFC's relocation decision
Kentucky Governor Andy Beshear has expressed disappointment over KFC's decision to relocate its headquarters.
In a statement to the Associated Press, he said, "I am disappointed by this decision and believe the company's founder would be, too."
He further added, "This company's name starts with Kentucky, and it has marketed our state's heritage and culture in the sale of its product."