Pizza Hut to Be Sold for $2.7 Billion with Eye on 'Future Growth'
6 Articles
6 Articles
What’s next for Pizza Hut after ownership change?
Pizza Hut, one of the world’s most recognizable pizza brands, is entering a new ownership era alongside a renewed push to reconnect with its dine-in roots, including a retro-inspired restaurant design strategy at select locations.
$2.7 billion Pizza Hut sale splits iconic chain between private equity and China | The latest National and International News
Danny Lawson Yum! Brands is selling Pizza Hut for $2.7 billion in a deal that splits the iconic pizza chain between two buyers. The move marks the end of an era for the restaurant giant, which also owns KFC and Taco Bell, as it sheds the struggling brand after months of strategic review. Private equity firm LongRange Capital is acquiring Pizza Hut's global operations, excluding China, for $1.5 billion. This includes the chain's UK sites, which Y…
The Yum! Brands Group announced on Tuesday the sale, for 2.7 billion dollars (2.1 billion francs), of the fast food chain Pizza Hut, which has been losing speed for several years and surpassed notably by its competitor Domino's.
Yum Brands announced the sale of Pizza Hut for a total of $2.7 billion, a decision that comes in the midst of a decrease in the demand for fast food and several consecutive quarters of weak results for the pizza chain. The operation contemplates the division of the business into two parts. On the one hand, the operations of Pizza Hut in mainland China will be acquired by Yum China Holdings for $1.2 billion. The rest of the brand will be handed o…
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