Yum Brands sold Pizza Hut to private equity firm LongRange Capital and Yum China Holdings Inc. for a combined $2.7 billion deal.
Yum! Brands is selling Pizza Hut for $2.7B, with LongRange Capital and Yum China taking over. Yum! will refocus on KFC, Taco ...
PE firms have bought up restaurant chains in recent years, but they have a mixed track record when it comes to turning them around.
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Yum! Brands has sold Pizza Hut amid declining sales and market competition challenges. LongRange Capital and Yum China Holdings will acquire the iconic chain in a $2.7 billion deal. Yum! Brands will ...