The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

FSQR, LLC is part of KBP Foods. KBP Foods is the largest KFC franchisee in the United States and had $1.4B in revenue in 2023. FSQR, LLC is tenant on the lease and encompasses all restaurant locations.