LongRange Capital takes the U.S. and international business for $1.5B; Yum China gets the mainland for $1.2B — as the chain closes 250 American stores.
Yum Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 U.S. restaurants. The pizza chain has struggled with outdated stores and growing competition.
Pizza Hut was founded in 1958 in Wichita, Kansas. Pe… [860 chars]
Source: Fortune | Published: 2026-06-16T13:07:15Z
Credit: Fortune
