TREconomy5 days ago

Struggling Pizza Hut chain to be sold for $2.7B by Yum! Brands

Yum! Brands has announced plans to sell its Pizza Hut chain for $2.7 billion. Private equity firm LongRange Capital will acquire Pizza Hut outside of mainland China for $1.5 billion, while Yum China Holdings Inc. will purchase the mainland China operations for $1.2 billion. The sale follows a strategic review initiated in November due to declining sales at comparable stores. Both transactions are expected to close in the third quarter.

The struggling Pizza Hut restaurant chain will be sold for $2.7 billion by parent company Yum! Brands, the corporation announced on Tuesday.

Private equity firm LongRange Capital is buying Pizza Hut, excluding the mainland China business, for about $1.5 billion, the company said.

The mainland China Pizza Hut will, on the other hand, be purchased by Yum China Holdings Inc. for approximately $1.2 billion, it said.

Yum! Brands began a strategic review to explore options for Pizza Hut in November, with the chain reporting declining sales at comparable stores.

Yum! Brands expects both transactions to close in the third quarter.

Read the full article at Daily Sabah →

Source document: Yum! Brands Announcement

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Daily SabahParty-alignedCenter5 days ago

Struggling Pizza Hut chain to be sold for $2.7B by Yum! Brands

Bias read (Center): The article presents factual information about a corporate transaction without any apparent ideological framing, loaded language, or biased sourcing. It focuses on financial details and does not take a stance on the implications of the sale.

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