Struggling Pizza Hut restaurant chain will be sold for $2.7 billion [View all]
Last edited Wed Jun 17, 2026, 03:10 AM - Edit history (1)
Source: The Independent
Private equity firm LongRange Capital is buying Pizza Hut, excluding the mainland China business, for about $1.5 billion, the company said Tuesday. The mainland China Pizza Hut will be purchased by Yum China Holdings Inc. for approximately $1.2 billion.
The sale follows a period of significant challenges for the brand, as outdated restaurant locations and intense competition in the fast-food sector led to a decline in sales.
Yum! Brands, which also owns KFC and Taco Bell, said in February that it was considering selling the chain as it announced the closure of 250 underperforming locations in the United States.
Pizza Hut was founded in Wichita, Kansas, in 1958, and was part of PepsiCo before being spun off into Yum! Brands in 1997.
Read more: https://www.msn.com/en-us/money/companies/struggling-pizza-hut-restaurant-chain-will-be-sold-for-2-7-billion/ar-AA25M02y?ocid=finance-verthp-feeds
when was the last time you saw a KenTacoHut combo?
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