Papa John's Franchisee and Yum Brands Explore Sale of Pizza Chains Amid Industry Challenges
A major pizza chain, Papa John's International, is reportedly in talks with its largest U.S. franchisee Nadeem Bajwa and investment firm Irth Capital to take the company private after closing over 250 locations. Meanwhile, Yum Brands is exploring a potential sale of Pizza Hut to LongRange Capital amid rising costs and reduced consumer demand due to inflation.
Topics: fast food mergers and acquisitions restaurant industry