Pizza Hut, Yum
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Yum! Brands is splitting the iconic chain between private equity and Yum China as it sharpens its focus on KFC and Taco Bell.
Yum Brands CEO Chris Turner said selling Pizza Hut will allow the company to focus more heavily on Taco Bell and KFC.
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Pizza Hut is getting a new owner: Private equity firm LongRange buys chain in $1.5 billion deal
Yum! Brands is selling Pizza Hut for $2.7B, with LongRange Capital and Yum China taking over. Yum! will refocus on KFC, Taco Bell, and Habit Burger.
Pizza Hut is being sold in a $2.7 billion deal as the struggling pizza chain looks for a reset after years of slumping sales and growing competition.Yum! Brands has reached agreements to sell Pizza Hut in two separate transactions,
PIZZA HUT is set to be sold by its parent company Yum Brands in a £2billion deal. The move will see Yum sell the pizza chain excluding Chinese operations to private equity firm LongRange Capital
