Yum Brands sells Pizza Hut amid declining sales and store closures
Yum Brands sells Pizza Hut amid declining sales and store closures
- Yum Brands sold Pizza Hut for $2.7 billion due to declining sales and store closures.
- The chain's U.S. business was acquired by LongRange Capital for $1.5 billion, while Yum China bought the mainland operations for $1.2 billion.
- The sale marks a significant shift in Pizza Hut's history, raising questions about its future direction.
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