Yum! Brands Sells Pizza Hut for $2.7 Billion
Yum! Brands has agreed to sell its Pizza Hut division for $2.7 billion in two transactions, with the Chinese operations going to Yum China Holdings and the rest acquired by LongRange Capital. The sale comes as Pizza Hut underperforms compared to KFC and Taco Bell, which have seen consistent same-store sales growth.