Struggling Pizza Hut chain to be sold for $2.7bn
Yum! Brands is selling its Pizza Hut chain for $2.7 billion to LongRange Capital and Yum China Holdings. The sale follows a period of declining performance and increased competition in the fast-food market.
Why it matters
This divestment marks a significant shift for a major global restaurant brand struggling to maintain market share against aggressive competitors and delivery apps.
Share Save Add as preferred on Google Francisco Velasquez Business reporter Getty Images Yum! Brands is selling its struggling Pizza Hut chain in a deal worth $2.7bn (£2bn), the company has announced.
The article reports on a corporate business transaction using neutral, factual language.
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