Yum! Brands Agrees $2.7 Billion Sale of Pizza Hut Business
Yum! Brands has announced plans to sell Pizza Hut in a deal valued at approximately $2.7 billion, marking a major shift for one of the world’s most recognisable restaurant brands. Under the agreement, private equity firm LongRange Capital will acquire Pizza Hut’s operations outside mainland China for $1.5 billion, while Yum China Holdings will purchase…