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MXEconomy5 days ago

Pizza Hut changes ownership; Yum Brands sells it to LongRange Capital for $2.7 billion

Pizza Hut is being sold by its parent company, Yum Brands, to private equity firm LongRange Capital for $2.7 billion. The sale includes all operations except those in China, which will be acquired by Yum China Holdings Inc. for approximately $200 million. Yum Brands initiated this strategic review after reporting declining sales at comparable stores. Both transactions are expected to close in the third quarter.

La atribulada cadena de restaurantes Pizza Hut será vendida por 2 mil 700 millones de dólares (mdd) por su empresa matriz, Yum Brands .

La firma de capital privado LongRange Capital está comprando Pizza Hut, a excepción de sus negocios en China, por unos mil 500 millones de dólares, informó la compañía el martes.

En tanto que Pizza Hut en China será adquirida por Yum China Holdings Inc. por aproximadamente mil 200 millones de dólares, indicó.

Lee también Fox anuncia compra de Roku; venta suma 22 mil millones de dólares

Yum! Brands inició una revisión estratégica para explorar opciones para Pizza Hut en noviembre, después de que la cadena reportara una caída de las ventas en tiendas comparables.

Yum! Brands prevé que ambas transacciones se cierren en el tercer trimestre.

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Source document: Yum Brands Press Release

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El UniversalIndependentCenter5 days ago
Pizza Hut changes ownership; Yum Brands sells it to LongRange Capital for $2.7 billion

Pizza Hut is being sold by its parent company, Yum Brands, to private equity firm LongRange Capital for $2.7 billion. The sale includes all operations except those in China, which will be acquired by Yum China Holdings Inc. for approximately $200 million. Yum Brands initiated this strategic review after reporting declining sales at comparable stores. Both transactions are expected to close in the third quarter.

Bias read (Center): The article presents factual information about a corporate transaction without editorializing, biased language, or emphasis on any particular political perspective. It focuses on financial details and does not frame the event with political implications.

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  • organisation Yum Brands Press Release

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  • organisationYum Brands Press Release