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Yum Brands sells Pizza Hut for $2.7B, sharpens focus on Taco Bell and KFC
Yum Brands announced on Tuesday that it is selling Pizza Hut to private equity firm LongRange Capital for $2.7 billion, completing a strategic review of the iconic pizza chain and enabling the company to focus on faster-growing brands likeTaco Bell and KFC.The transaction would mark a significant shift for one of America's most recognizable pizza chains and underscores growing consolidation across the restaurant industry as operators navigate slowing consumer demand and higher costs.Under the transaction, LongRange Capital will acquire Pizza Hut's operations outside mainland China for approxim...5 days ago
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