When did pepsico sell Taco Bell and Pizza Hut?

PepsiCo sold Taco Bell in 1997 and Pizza Hut in 1997 as part of a strategy to focus on its core beverage and snack business. Both brands were sold to Yum! Brands, which was created as a result of the spin-off. This move allowed PepsiCo to streamline its operations and concentrate on its primary food and beverage portfolio.