Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia
Yum Brands has sold Pizza Hut to private equity firm LongRange Capital for approximately $1.5 billion, with Yum China Holdings Inc. acquiring the chain's mainland China locations for an additional $1.2 billion. Pizza Hut has faced significant challenges in recent years, losing market share to competitors like Domino's and closing numerous locations. The new ownership by LongRange Capital presents an opportunity for the brand to potentially revitalize its business, though the impact of private equity ownership remains uncertain. AI
