Yum Brands Sells Pizza Hut to Private Equity and Yum China
Yum Brands has approved the sale of its Pizza Hut chain for $2.7 billion, splitting it between private equity firm LongRange Capital ($1.5 billion) and Yum China Holdings ($1.2 billion). The move excludes Chinese operations from global sales.
Topics: Pizza Hut Private Equity Restaurant Industry Yum Brands