Dossier
delivery culture
Coverage of delivery culture in the Nexus archive.
- 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Pizza Hut, a 68-year-old chain struggling with competition and outdated restaurants, is being sold by Yum Brands to LongRange Capital for $2.7 billion, with the mainland China business excluded and the transaction valued at $1.5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.