| Exhibit 21.1
SUBSIDIARIES OF YUM! BRANDS, INC. |
AS OF DECEMBER 25, 2010 |
| State or Country of
Name of Subsidiary | Incorporation
ABR Insurance Company | Vermont
A&W Restaurants, Inc. | Michigan
ACN 002 543 286 Pty. Ltd. | Australia
ACN 002 812 151 Pty. Ltd. | Australia
ACN 003 007 690 Pty. Ltd. | Australia
ACN 003 190 163 Pty. Ltd. | Australia
ACN 003 190 172 Pty. Ltd. | Australia
ACN 003 273 854 Pty. Ltd | Australia
ACN 004 240 046 Pty. Ltd. | Australia
ACN 005 041 547 Pty. Ltd. | Australia
ACN 009 064 706 Pty. Ltd. | Australia
ACN 010 355 772 Pty. Ltd. | Australia
ACN 054 055 917 Pty. Ltd. | Australia
ACN 054 121 416 Pty. Ltd. | Australia
ACN 084 994 374 Pty. Ltd. | Australia
ACN 085 239 961 Pty. Ltd. (SA1) | Australia
ACN 085 239 998 Pty. Ltd. (SA2) | Australia
ACN 103 640 393 Pty. Ltd. | Australia
Ashton Fried Chicken Pty. Ltd. | Australia
Beijing KFC Co., Ltd. | China
Beijing Pizza Hut Co., Ltd. | China
Big Sur Restaurant No. 2, LLC | Delaware
Bodden Holding Sarl | Luxembourg
Brownstone Holdings Sarl | Luxembourg
Changsha KFC Co., Ltd. | China
Chongqing KFC Co., Ltd. | China
Cyprus Caramel Restaurants Limited | Cyprus
Dalian KFC Co., Ltd. | China
Dongguan KFC Co., Ltd. | China
Ekaterinburg Caramel Restaurants LLC | Russian Federation
Finger Lickin' Chicken Limited | United Kingdom
GCTB, Inc. | Florida
GIC Holding, LLC | Vermont
Glenharney Insurance Company | Vermont
Gloucester Properties Pty. Ltd. | Australia
Hangzhou KFC Co., Ltd. | China
Inventure Restaurantes Ltda. | Brazil
Kentucky Fried Chicken (Germany) Restaurant Holdings GmbH | Germany
Kentucky Fried Chicken (Great Britain) Limited | United Kingdom
Kentucky Fried Chicken de Mexico, S. de R.L. de C.V. | Mexico

| State or Country of
Name of Subsidiary | Incorporation
Kentucky Fried Chicken Global B.V. | Netherlands
Kentucky Fried Chicken International Holdings, Inc. | Delaware
Kentucky Fried Chicken Pty. Ltd. | Australia
KFC Advertising, Ltd. | United Kingdom
KFC Chamnord SAS | France
KFC Corporation | Delaware
KFC France Societe Par Actions Simplifiee | France
KFC Holding Co. | Delaware
KFC Holdings B.V. | Netherlands
KFC U.S. Properties, Inc. | Delaware
Krasnoyarsk Caramel Restaurants LLC | Russian Federation
KRE Holdings, LLC | Delaware
Kunming KFC Co., Ltd. | China
Lanzhou KFC Co., Ltd. | China
LJS Restaurants, Inc. | Delaware
Long John Silver's, Inc. | Delaware
Multibranding Pty. Ltd. | Australia
Nanchang KFC Co., Ltd. | China
Nanjing KFC Co., Ltd. | China
Nanning KFC Co., Ltd. | China
Newcastle Fried Chicken Pty. Ltd. | Australia
Norfolk Fast Foods Limited | United Kingdom
Northside Fried Chicken Pty Limited | Australia
Operadora Tlaxcor, S. de R.L. de C.V. | Mexico
Novo BL | France
Novosibirsk Caramel Restaurants | Russian Federation
Omsk Caramel Restaurants LLC | Russian Federation
PCNZ Limited | Mauritius
Perm Caramel Restaurants LLC | Russian Federation
PHP de Mexico Inmobiliaria, S. de R.L. de C.V. | Mexico
Pizza Hut (UK) Limited | United Kingdom
Pizza Hut Del Distrito, S. de R.L. de C.V. | Mexico
Pizza Hut FSR Advertising Limited | United Kingdom
Pizza Hut HSR Advertising Limited | United Kingdom
Pizza Hut International, LLC | Delaware
Pizza Hut Korea Limited f/k/a Pizza Hut Korea Co., Ltd. | Korea, Republic of
Pizza Hut Mexicana, S de RL de CV | Mexico
Pizza Hut of America, Inc. | Delaware
Pizza Hut of North America, Inc. | Texas
Pizza Hut, Inc. | California
Pizza Hut, Ltd. | Texas
Premium Restaurant Brands, S. de R.L. de C.V. | Mexico
Qingdao KFC Co., Ltd. | China
Restaurant Holdings Limited | United Kingdom
Restaurant Holdings (UK) Limited | United Kingdom

2

| State or Country of
Name of Subsidiary | Incorporation
Russian Caramel Restaurants LLC | Russian Federation
Samara Caramel Restaurants LLC | Russian Federation
SCI KFC Cenon | France
SEPSA S.N.C. | France
Shanghai KFC Co., Ltd. | China
Shanghai Pizza Hut Co., Ltd. | China
Shantou KFC Co., Ltd. | China
SM2RL Societe Par Actions Simplifiee | France
Societe Civile Immobiliere Duranton a/k/a SCI Duranton | France
Southern Fast Foods Limited (f/k/a Milne Fast Foods Limited) | United Kingdom
Spizza 30 Societe Par Actions Simplifee | France
Spizza Immo Sarl | France
Stealth Investments Sarl | Luxembourg
Suffolk Fast Foods Limited | United Kingdom
Sunhill Holdings Sarl | Luxembourg
Surgut Caramel Restaurants LLC | Russian Federation
Suzhou KFC Co., Ltd. | China
Taco Bell Corp | California
Taco Bell of America, Inc. | Delaware
TaiYuan KFC Co., Ltd. | China
THC I Limited | Malta
THC II Limited | Malta
THC III Limited | Malta
THC IV Limited | Malta
THC V Limited | Malta
Tianjin KFC Co., Ltd. | China
Tyumen Caramel Restaurants LLC | Russian Federation
Valleythorn Limited | United Kingdom
Wandle Investments Ltd. | Hong Kong
West End Restaurants (Holdings) Limited | United Kingdom
West End Restaurants (Investments) Limited | United Kingdom
West End Restaurants Limited | United Kingdom
Wuxi KFC Co., Ltd. | China
Xiamen KFC Co., Ltd. | China
Xinjiang KFC Co., Ltd. | China
Y.C.H. S.a.r.l. | Luxembourg
YA Company One Pty. Ltd. | Australia
YB Operadora, S. de R.L. de C.V. | Mexico
YFDM US, LLC | Delaware
YGR America, Inc. | Delaware
YGR International Limited | United Kingdom
YGR US, LLC | Delaware
YIF US, LLC | Delaware
YRI Europe S.a.r.l. | Luxembourg
Yorkshire Global Restaurants, Inc. | Maryland

3

| State or Country of
Name of Subsidiary | Incorporation
YRI Hong Kong II Limited | Hong Kong
YRI Hong Kong IV Limited | Hong Kong
Yum Restaurants Espana, S.L. | Spain
Yum Restaurants International (Proprietary) Limited | South Africa
Yum! Restaurants International (Thailand) Co., Ltd. | Thailand
Yum Restaurants Services Group, Inc. | Delaware
Yum! Asia Franchise Pte Ltd | Singapore
Yum! Asia Holdings Pte. Ltd. | Singapore
Yum! Australia Equipment Pty. Ltd. | Australia
Yum! Australia Holdings I LLC | Delaware
Yum! Australia Holdings II LLC | Delaware
Yum! Australia Holdings III LLC | Delaware
Yum! Australia Holdings Limited | Cayman Islands
Yum! Brands Canada Management Holding Company | Nova Scotia
Yum! Brands Canada Management LP | Canada
Yum! Brands Mexico Holdings II LLC | Delaware
Yum! Food (Hangzhou) Co., Ltd. | China
Yum! Food (Shanghai) Co., Ltd. | China
Yum! Franchise de Mexico, S. de R.L. | Mexico
Yum! Franchise I LP | Canada
Yum! Franchise II LLP | United Kingdom
Yum! Franchise III Partnership | Australia
Yum! Global Investments III, LLC | Delaware
Yum! Global Investments I B.V. | Netherlands
Yum! Global Investments II B.V. | Netherlands
Yum! Holdings UK Limited | United Kingdom
Yum! International Finance Company S.a.r.l. | Luxembourg
Yum! International Participations S.a.r.l. | Luxembourg
Yum! Luxembourg Investments S.a.r.l. | Luxembourg
Yum! Mexico, S. De. R. L. de CV | Mexico
Yum! Realty Holdings, Inc. | Canada
Yum! Restaurant Holdings | United Kingdom
Yum! Restaurant Holdings (Great Britain) Limited | United Kingdom
Yum! Restaurantes do Brasil Ltda. | Brazil
Yum! Restaurants (Canada) Company | Canada
Yum! Restaurants (Chengdu) Co., Ltd. | China
Yum! Restaurants (China) Investment Co., Ltd. | China
Yum! Restaurants (Fuzhou) Co., Ltd. | China
Yum! Restaurants (Guangdong) Co., Ltd. | China
Yum! Restaurants (Hong Kong) Ltd. | Hong Kong
Yum! Restaurants (India) Private Limited | India
Yum! Restaurants (NZ) Ltd. | New Zealand
Yum! Restaurants (Shenyang) Co., Ltd. | China
Yum! Restaurants (Shenzhen) Co., Ltd. | China
Yum! Restaurants (UK) Limited | United Kingdom

4

| State or Country of
Name of Subsidiary | Incorporation
Yum! Restaurants (Wuhan) Co., Ltd. | China
Yum! Restaurants (Xian) Co., Ltd. | China
Yum! Restaurants Asia Private Ltd. | Singapore
Yum! Restaurants Australia Pty Limited | Australia
Yum! Restaurants Australia Services Pty Ltd | Australia
Yum! Restaurants China Holdings Limited | Hong Kong
Yum! Restaurants Consulting (Shanghai) Co., Ltd. | China
Yum! Restaurants Europe Limited | United Kingdom
Yum! Restaurants France SAS | France
Yum! Restaurants Holding, S. de R.L. de C.V. | Mexico
Yum! Restaurants International (Canada) Company | Canada
Yum! Restaurants International (MENAPAK) WLL | Bahrain
Yum! Restaurants International Holdings, Ltd. | Delaware
Yum! Restaurants International Limited | United Kingdom
Yum! Restaurants International Ltd. & Co. KG | Germany
Yum! Restaurants International Management S.a.r.l. | Luxembourg
Yum! Restaurants International Russia LLC | Russia
Yum! Restaurants International S.a.r.l. | Luxembourg
Yum! Restaurants International Switzerland S.a.r.l. | Switzerland
Yum! Restaurants International, Inc. | Delaware
Yum! Restaurants International, S de RL de CV | Mexico
Yum! Restaurants Limited | United Kingdom
Yum! Restaurants Marketing Private Limited | India
Yum! Restaurants Mauritius Ltd. | Mauritius
Yum! Restaurants New Zealand Services Pty. Ltd | Australia
Yum! Restaurants Spolka Z Ograniczona Odpowiedziainoscia | Poland
Yum! Restaurants, S de RL de CV | Mexico
Yumsop Pty Limited | Australia
Zhengzhou KFC Co., Ltd. | China

5