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Economics

Pizza Hut Sold in $2.7 Billion Deal Amid Competitive Pressures

Yum Brands has announced the sale of Pizza Hut, splitting the business between Yum China and LongRange Capital, highlighting the challenges facing the global chain.

2 min readOperative Telegram FeedUpdated Jun 16, 7:25 PM
Pizza HutYum Brandsbusiness acquisitionfast food
This story is using an image pulled from the original reporting.
Story change
A later update changed part of this story.
Before: Yum Brands has announced the sale of Pizza Hut, splitting the business between Yum China and LongRange Capital, highlighting the challenges facing the global chain.
Why it changed: New information came in after the story first went live, so the earlier wording is no longer the best short read.
Now: <strong>[UPDATE 3:41 PM ET]</strong> <strong>Test Auto-Publish Feed:</strong> Yum Brands to sell struggling Pizza Hut chain for $2.7 billion as demand slumps  Reuters Struggling Pizza Hut restaurant chain will be sold for $2.7 billion  ABC News - Breaking News, Latest News and Videos The $2.7 billion breakup of Pizza H
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