Struggling Pizza Hut chain to be sold for $2.7bn
The decision comes after a prolonged period of difficulty for the chain, which has faced increasing competition from a range of rivals.
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Notable Quotes
"Under LongRange and Yum China, Pizza Hut will be well positioned for future growth with ownership that brings deep expertise in the restaurant industry."
— Chris Turner , Executive
"Pizza Hut is one of the most iconic restaurant brands in the world, and we are proud of the important role it has played in Yum!'s history."
— Chris Turner , Executive
"Under LongRange and Yum China, Pizza Hut will be well positioned for future growth with ownership that brings deep expertise in the restaurant industry."
— Chris Turner , Executive
"Pizza Hut is a beloved global brand with a rich heritage and a loyal customer base that few brands can match."
— Bob Berlin , Executive
"Pizza Hut has long been the weak link in Yum’s portfolio."
— Neil Saunders , Other
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The decision comes after a prolonged period of difficulty for the chain, which has faced increasing competition from a range of rivals.
Yum! Brands announced the sale of Pizza Hut to LongRange Capital and Yum China Holdings Inc. for a total of $2.7 billion, aiming to address challenges from evolving consumer habits and competition.
Yum! Brands announced the sale of Pizza Hut to LongRange Capital and Yum China Holdings Inc. for $2.7 billion, following declining comparable-store sales and increased competition.
Yum! Brands agreed to sell Pizza Hut for $2.7 billion, with LongRange Capital acquiring operations outside Mainland China and Yum China Holdings Inc. purchasing the China business.
Yum Brands announced the sale of Pizza Hut for $2.7 billion, as the unit struggles with stiff competition in the fast-food market and cautious consumer spending.
Yum! Brands announced definitive agreements to sell Pizza Hut for $2.7 billion, with LongRange Capital acquiring operations outside Mainland China and Yum China Holdings Inc. purchasing the China business.
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