Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Corroborated by 2 sources from 2 publishers
globalpolitics17h ago
TL;DR
Yum ByMICHELLE CHAPMAN AP business writer June 16, 2026, 8:24 AM The struggling Pizza Hut restaurant chain will be sold for $2.7 billion by parent company Yum Brands. Private equity firm LongRange Capital is buying Pizza Hut, excluding the mainland China business, for about $1.5 billion, the company said Tuesday. The mainland China Pizza Hut will be purchased by Yum China Holdings Inc.