Connect with us

International

Yum Brands to Sell Struggling Pizza Hut Chain for $2.7 Billion

UNITED STATES- Yum Brands said it is selling Pizza Hut for $2.7 billion as the fast-food business faces stiff competition and cautious consumer spending.

Published

4 months ago

on

UNITED STATES- Yum Brands said it is selling Pizza Hut for $2.7 billion as the fast-food business faces stiff competition and cautious consumer spending.

Yum China Holdings is buying the mainland China operation for $1.2 billion, while Long Range Capital is acquiring the rest for $1.5 billion.

Rising inflation and higher commodity costs have weighed on U.S. pizza chains already facing weak demand.

Yum! Brands, which will be left with Taco Bell and KFC, expects the sale to close in the third quarter of 2026, pending regulatory approvals.

Related Topics:
Comments
Advertisement
Advertisement

Trending