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John Young Brown Jr. (December 28, 1933 – November 22, 2022) was an American politician and entrepreneur from Kentucky.He served as the 55th governor of Kentucky from 1979 to 1983, and built Kentucky Fried Chicken (KFC) into a multimillion-dollar restaurant chain.
Once too large for Sanders to manage, Kentucky Fried Chicken grew to overwhelm John Y. Brown as well. [41] In July 1971, Brown sold the company to the Connecticut-based Heublein, a packaged food and drinks corporation, for US$285 million (around US$2.14 billion in 2023). [51] Brown personally gained around $35 million from the sale. [52]
John Y. Brown Jr. at his home in Lexington, on Monday July 14, 2014. 2014 is the 50th anniversary of Brown and his partner buying Kentucky Fried Chicken from Col. Harlan Sanders. Photo by Pablo ...
Former Kentucky Gov. John Brown Jr. (D), who helped turn Kentucky Fried Chicken into a global brand and made millions off of its sale, has died at age 88. Brown’s family announced his death in a ...
In 1964, then 73 years old, he sold the Kentucky Fried Chicken corporation for $2 million ($19.6 million today) to a partnership of Kentucky businessmen headed by John Y. Brown Jr., a 29-year-old lawyer and future governor of Kentucky, and Jack C. Massey, a venture capitalist and entrepreneur. Sanders became a salaried brand ambassador.
John Y. Brown took six months to call Colonel Sanders back. From then on it was a life that changed the fast-food restaurant industry, impacting places like Chi-Chi’s, Rally’s and Kenny Rogers ...
Massey acquired Kentucky Fried Chicken from its founder, Harland Sanders, for $2 million in 1964. [1] [2] [4] With John Y. Brown Jr., Massey embarked on a rapid expansion program, growing the business to approximately 3,500 franchises and grossing $700 million in annual revenue. [1] Seven years later he sold the company to Heublein for $239 ...
Former Kentucky governor John Y. Brown Jr. has died. Brown served as the 55th governor of the commonwealth from 1979-1983. According to the National Governors Association, while governor, Brown ...