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| Exhibit 21.1 | |||||
| SUBSIDIARIES OF YUM! BRANDS, INC. | |||||
| AS OF DECEMBER 31, 2023 | |||||
| Name of Subsidiary | State or Country of 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. 054 121 416 Pty Limited | Australia | ||||
| A.C.N. 085 239 961 Pty Ltd | Australia | ||||
| A.C.N. 085 239 998 Pty Ltd | Australia | ||||
| A.C.N. 108 123 502 Pty Ltd | Australia | ||||
| ABR Insurance Company | Vermont | ||||
| Ashton Fried Chicken Pty. Limited | Australia | ||||
| Cyprus Caramel Restaurants Limited | Cyprus | ||||
| Dragontail Systems Canada, Inc. | British Columbia | ||||
| Dragontail Systems Ltd. | Israel | ||||
| Dragontail Systems Pty Limited f/k/a Dragontail Systems Limited | Australia | ||||
| Dragontail Systems USA, Inc. | Delaware | ||||
| Egg Shell Holdings LLC | Delaware | ||||
| Finger Lickin' Chicken Limited | United Kingdom | ||||
| Finger Lickin Good Franchising LLC | Delaware | ||||
| GCTB, LLC | Virginia | ||||
| Gloucester Properties Pty. Ltd. | Australia | ||||
| Gotham Newco 4 Limited | England and Wales | ||||
| Habit Employment, L.P. | Delaware | ||||
| HBG Franchise, LLC | Delaware | ||||
| Heart Brands UK Limited | England and Wales | ||||
| Heart Brands Pty Ltd. | Australia | ||||
| Heartstyles (Pty) Ltd. | South Africa | ||||
| IPDEV Co., LLC | Delaware | ||||
| Kentucky Fried Chicken (Germany) Restaurant Holding GmbH | Germany | ||||
| Kentucky Fried Chicken (Great Britain) Limited | England and Wales | ||||
| Kentucky Fried Chicken Canada Company | Nova Scotia | ||||
| Kentucky Fried Chicken International Holdings LLC | Delaware | ||||
| Kentucky Fried Chicken Limited | England and Wales | ||||
| Kentucky Fried Chicken Pty. Ltd. | Australia | ||||
| KFC (Pty) Ltd | South Africa | ||||
| KFC Advertising, Limited | England and Wales | ||||
| KFC Asia Data & Analytics Pte. Ltd | Singapore | ||||
| KFC Asia Franchise Pte. Ltd. f/k/a Taco Bell Restaurants China-India Pte. Ltd. | Singapore | ||||
| KFC Asia Holdings LLC f/k/a KFC Asia S.à r.l. f/k/a TB Asia Holdings S.à r.l. | Delaware | ||||
| KFC Australia IP Holdings, LLC | Delaware | ||||
| KFC Canada, LLC | Delaware | ||||
| KFC Corporation | Delaware | ||||
| KFC Europe Holdings S.à. r.l. | Switzerland | ||||
| KFC Europe S.à. r.l. | Switzerland | ||||
| KFC Europe S.à. r.l. | Luxembourg | ||||
| KFC France SAS | France | ||||
| KFC Gift Card Holdings LLC | Kentucky | ||||
| KFC Greece LLC | Greece | ||||
| KFC Holding Co. | Delaware | ||||
| KFC Holding SAS | France | ||||
| KFC Holdings B.V. | Netherlands | ||||
| KFC India Marketing Private Limited | India | ||||
| KFC International Holdings II LLC f/k/a KFC International Holdings II S.à. r.l. | Delaware | ||||
| KFC Menapak LLC | Delaware | ||||
| KFC MENAPAK S.à. r.l. | Luxembourg | ||||
| KFC MENAPAKT FZ-LLC | Dubai | ||||
| KFC MENAPAKT Holdings, LLC | Delaware | ||||
| KFC North America LLC f/k/a KFC North America S.à. r.l. | Delaware | ||||
| KFC Pacific Holdings Ltd | Malta | ||||
| KFC Restaurants Spain S.L. | Spain | ||||
| KFC South Africa Holdings B.V. | Netherlands | ||||
| KFC THC V Ltd | Malta | ||||
| KFC US, LLC | Delaware | ||||
| Multibranding Pty. Ltd. | Australia | ||||
| National Systems, LLC | Delaware | ||||
| Newcastle Fried Chicken Pty. Limited | Australia | ||||
| Nordic Holdco Aps | Denmark | ||||
| Northside Fried Chicken Pty Limited | Australia | ||||
| Novo BL SAS | France | ||||
| Novo Re IMMO SAS | France | ||||
| Pacific Bell Franchising LLC | Delaware | ||||
| Pacificly Pizza Hut LLC | Delaware | ||||
| PH Canada Company | Nova Scotia | ||||
| PH Digico LLC | Delaware | ||||
| PH Digital Ventures UK Limited | England and Wales | ||||
| PH Europe S.à. r.l. | Luxembourg | ||||
| PH Mexico LLC f/k/a PH Mexico S.à. r.l. | Delaware | ||||
| PH North America LLC f/k/a PH North America S.à. r.l. | Delaware | ||||
| PH Restaurant Holdings GmbH | Germany | ||||
| PH South Africa Holdings B.V. | Netherlands | ||||
| PHDV Asia Company Limited | Vietnam | ||||
| Pizza Famila Partnership | Delaware | ||||
| Pizza Hut (Pty) Ltd | South Africa | ||||
| Pizza Hut Asia Pacific Franchise Pte. Ltd. f/k/a Pizza Hut Restaurants China-India Pte. Ltd. | Singapore | ||||
| Pizza Hut Asia Pacific Holdings LLC f/k/a Pizza Hut Pacific Holdings LLC f/k/a PH Asia Holdings S.à. r.l. | Delaware | ||||
| Pizza Hut Canada, LLC | Delaware | ||||
| Pizza Hut Connect, LLC | Delaware | ||||
| Pizza Hut Delivery Germany GmbH | Germany | ||||
| Pizza Hut Europe Limited | England and Wales | ||||
| Pizza Hut Guarantor, LLC | Delaware | ||||
| Pizza Hut Holdings, LLC | Delaware | ||||
| Pizza Hut HSR Advertising Limited | England and Wales | ||||
| Pizza Hut India Marketing Private Limited | India | ||||
| Pizza Hut International, LLC | Delaware | ||||
| Pizza Hut MENAPAK Counsulting FZE | Dubai | ||||
| Pizza Hut MENAPAK Holdings, LLC | Delaware | ||||
| Pizza Hut MENAPAK S.à r.l. | Luxembourg | ||||
| Pizza Hut MENAPAKT FZ-LLC | Dubai | ||||
| Pizza Hut of America, LLC | Delaware | ||||
| Pizza Hut, LLC | Delaware | ||||
| Pizza Pete Franchising LLC | Delaware | ||||
| QuikOrder, LLC | Delaware | ||||
| Restaurant Concepts LLC | Delaware | ||||
| Restaurant Holdings Limited | England and Wales | ||||
| South China Sea Investments LLC | Delaware | ||||
| Southern Fast Foods Limited | England and Wales | ||||
| Suffolk Fast Foods Limited | England and Wales | ||||
| Taco Bell Asia Franchising, LLC f/k/a TB Asia S.à r.l. | Delaware | ||||
| Taco Bell Canada, LLC | Delaware | ||||
| Taco Bell Cantina Corp | Delaware | ||||
| Taco Bell Corp | California | ||||
| Taco Bell Franchise Holder 1, LLC | Delaware | ||||
| Taco Bell Franchisor Holdings, LLC | Delaware | ||||
| Taco Bell Franchisor, LLC | Delaware | ||||
| Taco Bell Funding, LLC | Delaware | ||||
| Taco Bell IP Holder, LLC | Delaware | ||||
| Taco Bell of America, LLC | Delaware | ||||
| Taco Bell Pacific Investments, LLC | Delaware | ||||
| Taco Bell Restaurants Asia Pte. Ltd. | Singapore | ||||
| Taco Bell UK and Europe Limited f/k/a Yum! Restaurants Limited | England and Wales | ||||
| TB Asia LLC | Delaware | ||||
| TB Australia Company Pty. Ltd. | Australia | ||||
| TB Canada Company | Nova Scotia | ||||
| TB Cantina, LLC | Delaware | ||||
| TB International Holdings II LLC f/k/a TB International Holdings II S.à. r.l. | Delaware | ||||
| TB North America LLC f/k/a TB North America S.à. r.l. | Delaware | ||||
| TBA Services, LLC | Delaware | ||||
| The Habit Restaurants, Inc. | Delaware | ||||
| The Habit Restaurants, LLC | Delaware | ||||
| TicTuk Technologies Ltd. | Israel | ||||
| Tricon Global Restaurants, Inc. | North Carolina | ||||
| YA Company One Pty. Ltd. | Australia | ||||
| YEB Holdings LLC | Delaware | ||||
| YEB III LLC | Delaware | ||||
| YRH Holdco Limited | England and Wales | ||||
| YRI Asia Ventures Ltd. | Malta | ||||
| YRI China Franchising LLC f/k/a YRI China Franchising S.à. r.l. f/k/a Yum! Finance Holdings V S.à. r.l. | Delaware | ||||
| YRI Europe S.à. r.l. | Luxembourg | ||||
| YRI Global Liquidity S.à. r.l. | Luxembourg | ||||
| YRI Investment Company S.à. r.l. | Luxembourg | ||||
| YRI Investment Ventures Ltd. | Malta | ||||
| Yum Connect Australia Pty. Ltd. | Australia | ||||
| Yum Connect, LLC | Delaware | ||||
| Yum Cyprus Limited | Cyprus | ||||
| Yum HS Holdings, LLC | Delaware | ||||
| Yum India Technology Solutions Private Limited | India | ||||
| Yum Restaurant Services Group, LLC | Delaware | ||||
| Yum Treasury Finance Ltd. F/k/a Flogios Holdings Ltd. | Cyprus | ||||
| Yum! Asia Franchise Pte Ltd | Singapore | ||||
| Yum! Asia Holdings LLC f/k/a Yum! Asia Holdings S.à. r.l. | Delaware | ||||
| Yum! Australia Equipment Pty. Ltd. | Australia | ||||
| Yum! Brands Mexico Holdings II LLC | Delaware | ||||
| Yum! Capital Investments, LLC | Delaware | ||||
| Yum! Europe Limited | England and Wales | ||||
| YUM! Finance Holdings I S.à. r.l. | Luxembourg | ||||
| Yum! Franchise de Mexico LLC f/k/a Yum! Franchise de Mexico, S.à. r.l. | Delaware | ||||
| Yum! Holdings II Limited | England and Wales | ||||
| Yum! III (UK) Limited | England and Wales | ||||
| Yum! International Finance Company LLC f/k/a Yum! International Finance Company S.à. r.l. | Delaware | ||||
| Yum! KFC Australia Holdings I LLC | Delaware | ||||
| Yum! Restaurant Holdings | England and Wales | ||||
| Yum! Restaurantes do Brasil Ltda. | Brazil | ||||
| Yum! Restaurants (India) Private Limited | India | ||||
| Yum! Restaurants (NZ) Ltd. | New Zealand | ||||
| Yum! Restaurants Asia Pte. Ltd. | Singapore | ||||
| Yum! Restaurants Australia Pty Limited | Australia | ||||
| Yum! Restaurants Europe Limited | England and Wales | ||||
| Yum! Restaurants International (Thailand) Co., Ltd. | Thailand | ||||
| Yum! Restaurants International Holdings LLC | Delaware | ||||
| Yum! Restaurants International Limited | England and Wales | ||||
| Yum! Restaurants International Ltd. & Co. Kommanditgesellschaft | Germany | ||||
| Yum! Restaurants International Management LLC | Delaware | ||||
| YUM! Restaurants International MENAPAK Consulting FZE | Dubai | ||||
| Yum! Restaurants International, Inc. | Delaware | ||||
| Yum! Restaurants International, S de RL de CV | Mexico | ||||
| Yum! Restaurants Limited f/k/a Yum! MENAPAKT Limited | England and Wales | ||||
| Yum! Restaurants Marketing Private Limited | India | ||||
| Yumsop Pty Limited | Australia | ||||