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Pizza Hut finds new owners amid sluggish US sales
Yum! Brands will sell Pizza Hut for $2.7 billion, with LongRange Capital acquiring non-China operations and Yum China purchasing Chinese operations. The sale follows years of stagnant US sales and marks the first change in Pizza Hut's ownership since 1977.
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- Yum Brands sells a shrinking Pizza Hut for $2.7 billion
- Pizza Hut to be sold for $2.7B after years of lagging sales
- 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 is selling Pizza Hut for $2.7 billion to shed its weakest brand
- Struggling Pizza Hut restaurant chain will be sold for $2.7 billion