multi source·13h ago·9 sources analyzed
Yum Brands sells Pizza Hut to private equity firm for $2.7 billion
Yum Brands has sold Pizza Hut to LongRange Capital and Yum China Holdings Inc. for $2.7 billion. The sale comes as demand for the brand has declined. (sources: fortune, businessinsider, reuters, bbc, nytimes)
Image: bbc
Modern Action Briefing
Yum Brands has completed the sale of Pizza Hut to LongRange Capital and Yum China Holdings Inc. for $2.7 billion, allowing Yum to focus on its other brands.
- Yum Brands sold Pizza Hut for $2.7 billion.
- LongRange Capital and Yum China Holdings Inc. are the new owners.
- The sale is part of Yum's strategy to refocus on KFC, Taco Bell, and Habit Burger.
- Demand for Pizza Hut has been declining.
Why it matters
The sale reflects changes in consumer demand and strategic shifts within Yum Brands.
Top coverage · 9 sources
fortunePizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgiabusinessinsiderPizza Hut is getting a new owner: private equity firm LongRange buys chain in $1.5 billion dealreutersYum Brands to sell struggling Pizza Hut chain for $2.7 billion as demand slumpsbbcStruggling Pizza Hut chain to be sold for $2.7bn