Yum China to sell Pizza Hut for $2.7 billion
Yum Brands is selling its Pizza Hut business for a total of $2.7 billion. The mainland China operations will be acquired by Yum China for approximately $1.2 billion, while the remaining Pizza Hut business will be sold to private equity firm LongRange Capital for about $1.5 billion. This move comes as the Pizza Hut chain has faced challenges with declining sales and increasing competition. AI