Struggling Pizza Hut to be sold for $2.7 billion
Synopsis Pizza Hut is set to be sold for $2.7 billion by its parent company, Yum Brands. Private equity firm LongRange Capital will acquire the
Synopsis Pizza Hut is set to be sold for $2.7 billion by its parent company, Yum Brands. Private equity firm LongRange Capital will acquire the chain outside of mainland China. Yum China will purchase the mainland China business. This move allows Yum Brands to focus on its stronger performing brands like KFC and Taco Bell.
The BriefWire