The Guardian Australia – Business
·business
·1 hour ago
Yum Brands sells Pizza Hut for $2.7 billion in two deals
Yum Brands announced the sale of struggling Pizza Hut for $2.7 billion in two separate deals. Private equity firm LongRange Capital will acquire Pizza Hut in the U.S. for $1.5 billion, while Yum China Holdings will purchase the mainland China operations for $1.2 billion. Yum aims to focus on its more profitable brands following.
Summary by OZbrief · The Guardian Australia – Business
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