Yum Brands said on Tuesday it would sell its Pizza Hut chain for $2.7 billion, as the fast-food business struggles with stiff competition and cautious consumer spending.
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Rising inflation and elevated commodity costs have weighed on U.S. pizza giants already facing sustained demand weakness, as growing adoption of GLP-1 weight-loss drugs encourages consumers to choose healthier foods.
“Pizza Hut is pla… [1530 chars]
Source: Reuters | Published: 2026-06-16T12:11:13Z
Credit: Reuters
