EX-21.1 5 yum-12262015xex211.htm EXHIBIT 21.1

| Exhibit 21.1
SUBSIDIARIES OF YUM! BRANDS, INC.
| State or Country of
Name of Subsidiary | Incorporation
A.C.N. 003 190 163 Pty. Limited | Australia
A.C.N. 003 190 172 Pty. Limited | Australia
A.C.N. 003 273 854 Pty. Limited | Australia
A.C.N. 054 055 917 Pty. Ltd. | Australia
A.C.N. 085 239 961 Pty. Ltd. (SA1) | Australia
A.C.N. 085 239 998 Pty. Ltd. (SA2) | Australia
ABR Insurance Company | Vermont
Ashton Fried Chicken Pty. Limited | Australia
Atto Primo (Shanghai) Co., Ltd. | China
Baotou Little Sheep Jingchen Catering Co., Ltd | China
Baotou Little Sheep Shenhua Catering Company Limited | China
Beijing KFC Co., Ltd. | China
Beijing Pizza Hut Co., Ltd. | China
Beijing Yizhuang Little Sheep Catering Co., Ltd. | China
Beijing Zhichun Road Little Sheep Catering Co., Ltd. | China
Changsha Fuwang Catering Management Co., Ltd | China
Changsha KFC Co., Ltd. | China
ChangSha Little Sheep Catering Administration Co., Ltd | China
Changsha Yongao Catering Co. Ltd. | China
China XiaoFeiYang Catering Chain Co., Ltd. | British Virgin Islands
Chongqing KFC Co., Ltd. | China
Cyprus Caramel Restaurants Limited | Cyprus
Dalian KFC Co., Ltd. | China
Dezhou Little Sheep Catering Co., Ltd. | China
Dongguan Humen Little Sheep Catering Co. Ltd. | China
Dongguan KFC Co., Ltd. | China
East Dawning (Shanghai) Co., Ltd. | China
Finger Lickin' Chicken Limited | United Kingdom
Foshan Little Sheep Catering Co., Ltd | China
Foshan Mengjie Catering Company Limited | China
Fuzhou Cangshan Little Sheep Catering Co., Ltd. | China
Fuzhou Fuxing Little Sheep Catering Company Limited | China
Fuzhou Gulou Hualin Little Sheep Catering Co., Ltd. | China
Fuzhou Gulou Little Sheep Catering Company Limited | China
Fuzhou Taijiang Little Sheep Catering Co., Ltd. | China
Gansu Hongfu Little Sheep Catering Management Company Limited | China
Gansu Hongxi Little Sheep Catering Co., Ltd. | China
Gansu Hongxiang Little Sheep Catering Co., Ltd. | China

| State or Country of
Name of Subsidiary | Incorporation
GanSu Little Sheep Catering Co., Ltd | China
GCTB, LLC f/k/a GCTB, Inc. | Virginia
Gloucester Properties Pty. Ltd. | Australia
Guangzhou Little Sheep Corporation Consulting Management Co., Ltd. | China
Guangzhou Little Sheep Trading Company Limited | China
Guangzhou Xingwang Catering Co., Ltd. f/k/a Guangzhou Hajie Catering Co., Ltd | China
Guangzhou Yingfeng Yijing Catering Co., Ltd. | China
Guangzhou Yuansheng Catering Co., Ltd | China
Hangzhou KFC Co., Ltd. | China
Hangzhou YongAo Catering Co. Ltd. | China
Hohhot Little Sheep Catering Co., Ltd | China
Huansheng Advertising (Shanghai) Company Ltd. | China
Huansheng Consulting (Wuhan) Co., Ltd. | China
Huizhou Yanfu Catering Management Co., Ltd | China
Inner Mongolia Little Sheep Catering Chain Company Limited | China
Inner Mongolia Little Sheep Seasoning Company Limited | China
Inventure Restaurantes Ltda. | Brazil
Jiangmen Pengjiang Little Sheep Catering Co., Ltd | China
Jiaozuo Little Sheep Catering Co., Ltd. | China
Jinan Zhaofei Little Sheep Catering Co., Ltd | China
Jinjiang Little Sheep Catering Co., Ltd | China
Kentucky Fried Chicken (Germany) Restaurant Holdings GmbH | Germany
Kentucky Fried Chicken (Great Britain) Limited | United Kingdom
Kentucky Fried Chicken (Great Britain) Services Limited | United Kingdom
Kentucky Fried Chicken Canada Company | Canada
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 Asia LLC | Delaware
KFC Australia Holdings Limited f/k/a Yum! Australia Holdings Limited | Cayman Islands
KFC Brasil Publicidade e Propaganda Ltda | Brazil
KFC Chamnord SAS | France
KFC Corporation | Delaware
KFC Europe S.à r.l. | Luxembourg
KFC France SAS | France
KFC Global Holdings, Inc. | Delaware
KFC Holding SAS | France
KFC Holding Co. | Delaware
KFC Holdings B.V. | Netherlands
KFC Intermediate Holdings S.à r.l. | Luxembourg
KFC International Finance Company S.à r.l. | Luxembourg

| State or Country of
Name of Subsidiary | Incorporation
KFC International Holdings I S.à r.l. f/k/a Yum! Finance Holdings ll Sarl f/k/a Stealth Investments Sarl | Luxembourg
KFC International Holdings II S.à r.l. | Luxembourg
KFC Italy S.r.l. | Italy
KFC Menapak LLC | Delaware
KFC MENAPAK S.à r.l. | Luxembourg
KFC Mexico B.V. | Netherlands
KFC Mexico Holdings LLC | Delaware
KFC Netherlands B.V. | Netherlands
KFC North America S.à r.l. | Luxembourg
KFC (Pty) Ltd f/k/a Yum Restaurants International (Proprietary) Limited | South Africa
KFC Pacific Holdings Ltd f/k/a THC II Limited | Malta
KFC Pacific LLC | Delaware
KFC Real Estate B.V. | Netherlands
KFC Restaurants Asia Pte., Ltd. | Singapore
KFC Restaurants Spain S.L. | Spain
KFC Russia Holdings I S.à r.l. | Luxembourg
KFC South Africa Holdings B.V. | Netherlands
KFC THC V Ltd f/k/a THC V Limited | Malta
KFC Turkey LLC | Delaware
KFC YFI Holdco S.à r.l. | Luxembourg
KFC Yum! Franchise I LP | Canada
KFC Yum! Franchise III f/k/a Yum! Franchise III | Australia
Kunming KFC Co., Ltd. | China
Lanzhou KFC Co., Ltd. | China
Little Sheep Catering Company Limited, Yongding Road, Beijing City | China
Little Sheep Group Limited | Cayman Islands
Little Sheep Hong Kong Company Limited | Hong Kong
Little Sheep Hong Kong Holdings Company Limited | Hong Kong
Little Sheep Macau - Restaurant Chain of Stores Limited | Macau
Little Sheep MongKok Company Limited | Hong Kong
Little Sheep Tsim Sha Tsui Company Limited | Hong Kong
Little Sheep Tsuen Wan Company Limited | Hong Kong
Little Sheep Yuenlang Co., Ltd | China
Multibranding Pty. Ltd. | Australia
Nanchang KFC Co., Ltd. | China
Nanchang Taoyuan Little Sheep Catering Management Co, Ltd. | China
Nanjing KFC Co., Ltd. | China
Nanjing Lucheng Little Sheep Catering Business Management Co. Ltd. | China
Nanjing Mengle Little Sheep Catering Company Limited | China
Nanjing MengYuan Little Sheep Catering Co., Ltd | China
NanJing XingMeng Little Sheep Catering Co., Ltd | China
Nanning KFC Co., Ltd. | China

| State or Country of
Name of Subsidiary | Incorporation
Nanning Little Sheep Catering Chain Company Limited | China
Nanning Ruyun Catering Co., Ltd. | China
Newcastle Fried Chicken Pty. Ltd. | Australia
NingBo JiangDong ShuGuang Little Sheep Catering Co., Ltd | China
Ningbo Little Sheep Catering Company Limited | China
Norfolk Fast Foods Limited | United Kingdom
Northside Fried Chicken Pty Limited | Australia
Novo BL SAS | France
Novo Re IMMO SAS | France
PH Asia LLC | Delaware
PH Canada Company | Canada
PH Canada Holdco Company | Canada
PH Digico LLC | Delaware
PH Europe LLC f/k/a PH US LLC | Delaware
PH Europe S.à r.l. | Luxembourg
PH Global Holdings, Inc. | Delaware
PH Intermediate Holdings S.à r.l. | Luxembourg
PH International Finance Company S.à r.l. | Luxembourg
PH International Holdings I S.à r.l. f/k/a Yum! Finance Holdings lll Sarl f/k/a ITRAS Holdings Sarl | Luxembourg
PH International Holdings II S.à r.l. | Luxembourg
PH Mexico B.V. | Netherlands
PH Mexico S.à r.l. | Luxembourg
PH North America S.à r.l. | Luxembourg
PH Restaurant Holdings GmbH | Germany
PH South Africa Holdings B.V. | Netherlands
PH THC V Ltd | Malta
PH YFI Holdco S.à r.l. | Luxembourg
PH Yum! Franchise I LP | Canada
PH Yum! Franchise III | Australia
Pizza Hut (Pty) Ltd f/k/a Friedshelf 1503 Proprietary Limited | South Africa
Pizza Hut Australia Pty Limited f/k/a ACN 054 121 416 Pty. Ltd. | Australia
Pizza Hut Delivery Germany GmbH | Germany
Pizza Hut Gida ve Ticaret Anonim Sirketi | Turkey
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 MENAPAK S.à r.l. | Luxembourg
Pizza Hut of America, LLC f/k/a Pizza Hut of America, Inc. | Delaware
Pizza Hut Pacific Holdings Ltd. | Malta
Pizza Hut Restaurants Asia Pte., Ltd. | Singapore
Pizza Hut Turkey LLC | Delaware
Pizza Hut, Inc. | California

| State or Country of
Name of Subsidiary | Incorporation
Qingdao KFC Co., Ltd. | China
Restaurant Concepts LLC | Delaware
Restaurants Development Co., Ltd. | Thailand
Restaurant Holdings Limited | United Kingdom
Shandong Little Sheep Hotel Management Company Limited | China
Shanghai Changning Little Sheep Catering Company Limited | China
Shanghai ChengShan Little Sheep Catering Co, Ltd | China
Shanghai Fengnan Little Sheep Catering Co., Ltd | China
Shanghai Gumei Little Sheep Catering Co., Ltd | China
Shanghai Huijin Little Sheep Catering Co., Ltd | China
Shanghai Jingan Little Sheep Catering Management Company Limited | China
Shanghai KFC Co., Ltd. | China
Shanghai Little Sheep Catering Company Limited | China
Shanghai Lujiabang Little Sheep Catering Company Limited | China
Shanghai Luyuan Little Sheep Catering Company Limited | China
Shanghai Pengpu Little Sheep Catering Company Limited | China
Shanghai Pizza Hut Co., Ltd. | China
Shanghai Putuo Little Sheep Catering Company Limited | China
Shanghai Qibao Little Sheep Catering Company Limited | China
Shanghai Qingpu Little Sheep Catering Management Company Limited | China
ShangHai WangYuan Little Sheep Catering Co., Ltd | China
Shanghai Yangpu Little Sheep Catering Company Limited | China
Shanghai Zhenhua Little Sheep Catering Co., Ltd | China
Shantou KFC Co., Ltd. | China
ShenYang MengXing Little Sheep Catering Co., Ltd | China
Shenyang Minsheng Little Sheep Catering Company Limited | China
Shenyang Wangda Little Sheep Catering Co., Ltd. | China
Shenyang Xiangjiang Little Sheep Catering Company Limited | China
ShenYang YongAo Little Sheep Catering Co., Ltd | China
Shenzhen Little Sheep Catering Chain Company Limited | China
Shenzhen Little Sheep Enterprise Company Limited | China
Shenzhen Tianjiao Catering Co., Ltd. | China
Shenzhen Xintu Catering Co., Ltd. | China
Shenzheng Huacai Catering Co., Ltd. | China
ShiShi Little Sheep Catering Co., Ltd | China
Southern Fast Foods Limited f/k/a Milne Fast Foods Limited | United Kingdom
Suffolk Fast Foods Limited | United Kingdom
Sunrise Investments, Co., Ltd. | British Virgin Islands
Suzhou KFC Co., Ltd. | China
Taco Bell Corp | California
Taco Bell of America, LLC f/k/a Taco Bell of America, Inc. | Delaware
Taco Bell Restaurants Asia Pte., Ltd. | Singapore

| State or Country of
Name of Subsidiary | Incorporation
Taiyuan KFC Co., Ltd. | China
Tangshan Little Sheep Catering Co., Ltd. | China
TB Asia LLC | Delaware
TB Canada Company | Canada
TB Global Holdings, Inc. | Delaware
TB Intermediate Holdings S.à r.l. | Luxembourg
TB International Finance Company S.à r.l. | Luxembourg
TB International Holdings I S.à r.l. | Luxembourg
TB International Holdings II S.à r.l. | Luxembourg
TB North America S.à r.l. | Luxembourg
TB YFI Holdco S.à r.l. | Luxembourg
TB Yum! Franchise I LP | Canada
THC I Limited | Malta
THC III Limited | Malta
Tianjin KFC Co., Ltd. | China
Tricon Global Restaurants, Inc. | North Carolina
Turkent Gida Ve Turizm Sanayi Ve Ticaret A.S. | Turkey
U.S. Taco Co., LLC | New York
U.S. Taco Holding Co., LLC | New York
Valleythorn Limited | United Kingdom
Versailles Resto S.A.S. | France
Wandle Investments Ltd. | Hong Kong
Wuhan Mengwang Catering Co., Ltd | China
WuHan MengXiang Little Sheep Catering Co., Ltd | China
WuHan YongAo Little Sheep Catering Co., Ltd | China
Wuxi KFC Co., Ltd. | China
Xiamen KFC Co., Ltd. | China
Xiamen Lianqian Little Sheep Catering Co., Ltd | China
Xiamen Shixin Little Sheep Catering Co., Ltd. | China
Xian Hepingmen Little Sheep Catering Co., Ltd | China
Xian Hezong Little Sheep Catering Co., Ltd. | China
XiNing Little Sheep Catering Co., Ltd | China
Xinjiang KFC Co., Ltd. | China
Xinxiang Hongqi Heping Little Sheep Catering Co., Ltd | China
YA Company One Pty. Ltd. | Australia
YRH Holdco Limited | United Kingdom
YCH S.a.r.l. | Luxembourg
YEB Holdings LLC | Delaware
YEB II LLC | Delaware
YEB III LLC | Delaware
YIF US LLC | Delaware
Yinchuan Little Sheep Catering Company Limited | China

| State or Country of
Name of Subsidiary | Incorporation
YRI Europe S.a.r.l. | Luxembourg
YRI Global Liquidity S.a.r.l. f/k/a Bolden Holding Sarl | Luxembourg
YRI Hong Kong II Limited | Hong Kong
YRI Hong Kong IV Limited | Hong Kong
YRI Investment Company S.a.r.l. f/k/a Brownstone Holdings Sarl | Luxembourg
Yum Restaurant Services Group, LLC f/k/a Yum Restaurant Services Group, Inc. | Delaware
Yum Restaurants Espana, S.L. | Spain
Yum! Asia Franchise Pte Ltd | Singapore
Yum! Asia Holdings Pte. Ltd. | Singapore
Yum! Australia Equipment Pty. Ltd. | Australia
Yum! Brands Mexico Holdings II LLC | Delaware
YUM! Finance Holdings l Sarl f/k/a Sunhill Holdings Sarl | Luxembourg
Yum! Food (Shanghai) Co., Ltd. | China
Yum! Franchise China IV S.à r.l. | Luxembourg
Yum! Franchise China Trust I S.à r.l. | Luxembourg
Yum! Franchise China Trust III S.à r.l. | Luxembourg
Yum! Franchise de Mexico, S.a.r.l. | Luxembourg
Yum! Franchise II LLP | United Kingdom
Yum! Global Investments I B.V. | Netherlands
Yum! Global Investments II B.V. | Netherlands
Yum! Global Investments III, LLC | Delaware
Yum! International Finance Company S.a.r.l. | Luxembourg
Yum! International Participations LLC f/k/a Yum! International Participations S.a.r.l | Delaware
Yum! KFC Australia Holdings I LLC f/k/a Yum! Australia Holdings I LLC | Delaware
Yum! KFC Australia Holdings II LLC f/k/a Yum! Australia Holdings II LLC | Delaware
Yum! lll (UK) Limited | United Kingdom
Yum! Luxembourg Investments LLC f/k/a Yum! Luxembourg Investments S.a.r.l. | Delaware
Yum! Myanmar Holdings Pte. Ltd. | Singapore
Yum! PH Australia Holdings I LLC | Delaware
Yum! PH Australia Holdings II LLC | Delaware
Yum! Restaurant Holdings | United Kingdom
Yum! Restaurantes do Brasil Ltda. | Brazil
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 (Wuhan) Co., Ltd. | China

| State or Country of
Name of Subsidiary | Incorporation
Yum! Restaurants (Xian) Co., Ltd. | China
Yum! Restaurants Asia Pte. Ltd. | Singapore
Yum! Restaurants Australia Pty Limited | Australia
Yum! Restaurants China Holdings Limited | Hong Kong
Yum! Restaurants Consulting (Shanghai) Co., Ltd. | China
Yum! Restaurants Europe Limited | United Kingdom
Yum! Restaurants Germany GmbH | Germany
Yum! Restaurants International (MENAPAK) Co. S.P.C. | Bahrain
Yum! Restaurants International (Thailand) Co., Ltd. | Thailand
Yum! Restaurants International Holdings, Ltd. | Delaware
Yum! Restaurants International Limited | United Kingdom
Yum! Restaurants International Ltd. & Co. Kommanditgesellschaft | Germany
Yum! Restaurants International Management LLC f/k/a Yum! Restaurants International Management S.a.r.l. | Delaware
Yum! Restaurants International Russia and CIS LLC | Russian Federation
Yum! Restaurants International Russia LLC | Russia Federation
Yum! Restaurants International S.a.r.l. | Luxembourg
Yum! Restaurants International, Inc. | Delaware
Yum! Restaurants International, S de RL de CV | Mexico
Yum! Restaurants KFC Australia Services Pty Ltd f/k/a Yum! Restaurants Australia Services Pty Ltd | Australia
Yum! Restaurants Limited | United Kingdom
Yum! Restaurants Marketing Private Limited | India
Yum! Restaurants New Zealand Services Pty. Ltd | Australia
Yumsop Pty Limited | Australia
Zhengzhou Hezong Little Sheep Catering Co., Ltd. | China
Zhengzhou Hongzhuan Little Sheep Catering Co., Ltd | China
Zhengzhou KFC Co., Ltd. | China
Zhongshan Little Sheep Catering Co., Ltd | China