BUSINESSWTOP DC
Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Pizza Hut, a struggling restaurant chain owned by Yum Brands, is being sold for $2.7 billion. The sale includes $1.5 billion for the non-China business to LongRange Capital and $1.2 billion for the mainland China operations to Yum China Holdings Inc. The chain has faced declining sales, outdated stores, and competition.
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- Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
- Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
- Struggling Pizza Hut sold for $2.7 billion by parent Yum Brands
- Struggling Pizza Hut sold for $2.7 billion by parent Yum Brands
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