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Pizza Hut Sold for $2.7B
Description
Pizza Hut is changing hands for $2.7 billion as Yum Brands exits the pizza giant, citing struggles with aging locations and a tough market. The sale, expected in Q3, comes after Yum announced plans to shutter 250 U.S. locations and explore options since November. Once owned by PepsiCo and later absorbed into Yum alongside KFC and Taco Bell, Pizza Hut now enters a new chapter with LongRange and Yum China — seasoned players poised to revitalize the brand and drive future growth.
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