BUSINESSWJZY QUEEN CITY NEWS
Pizza Hut, overtaken by the arrival of delivery culture, will be sold for $2.7 billion
Pizza Hut, a 68-year-old chain struggling with competition and outdated restaurants, is being sold by Yum Brands to LongRange Capital for $2.7 billion, with the mainland China business excluded and the transaction valued at $1.5 billion. The sale reflects challenges from the rise of delivery culture.
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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 restaurant chain will be sold for $2.7 billion
- Yum Brands sells a shrinking Pizza Hut for $2.7 billion
- Yum Brands is selling Pizza Hut for $2.7 billion to shed its weakest brand