BUSINESSFORTUNE
Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia
Pizza Hut was sold by Yum Brands to private equity firm LongRange Capital for $1.5 billion, with Yum China acquiring mainland China locations for $1.2 billion. The chain has struggled against competitors like Domino’s, closing hundreds of locations in recent years.
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- Pizza Hut is getting a new owner: private equity firm LongRange buys chain in $1.5 billion deal
- 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
- Pizza Hut, overtaken by the arrival of delivery culture, will be sold for $2.7 billion