Pepsi and then YUM bought Pepsi. There are also large companies that own franchises for and Popeye's, Church's and even KFC along with other brands Taco Bell and such. As I said earlier__confusing.
Here's what Teaman was talking about__independents with franchise rights to sell Kentucky Fried Chicken
https://www.pbase.com/donboyd/image/150926941
I couldn't remember when Pepsi owned it and whether they were bought by YUM brand or vice versa. I have a friend who owns the Popeye's and Taco John's here, actually it is a strange situation on that one. She owns the Popeye's and her ex husband owns the Taco John's. Lol