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Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Yum Brands will sell Pizza Hut for $2.7 billion, with LongRange Capital acquiring the non-China business for $1.5 billion and Yum China Holdings Inc. purchasing the mainland China operations for $1.2 billion. The sale follows Pizza Hut's struggles with outdated stores and competition, including plans to close 250 U.S. locations.
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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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