Pizza Hut’s parent company is selling the 68-year-old chain for $2.7 billion. Yum Brands said on Tuesday that the private equity firm LongRange Capital will buy Pizza Hut’s business outside mainland China for about $1.5 billion.
Pizza Hut, the 68-year-old chain that has long struggled with growing competition and outdated restaurants, will be sold for $2.7 billion by parent company Yum Brands.
Yum Brands said this week that the private equity firm LongRange Capital will buy … [3331 chars]
Source: The Associated Press | Published: 2026-06-17T13:58:47Z
Credit: The Associated Press
