Yum! Brands sells Pizza Hut for $2.7B; LongRange Capital and Yum China acquire chain
By
Katherine Tangalakis-Lippert
Summary
Yum! Brands has sold Pizza Hut in a $2.7 billion deal, with private equity firm LongRange Capital acquiring the chain alongside Yum China taking over certain operations. The sale allows Yum! Brands to refocus its portfolio on its remaining core brands: KFC, Taco Bell, and Habit Burger. The deal values Pizza Hut at approximately $1.5 billion for LongRange's portion, marking a significant shift in the fast-food landscape as the pizza chain changes ownership after years under the Yum! umbrella.
Source
bskyYum! Brands sells Pizza Hut for $2.7B; LongRange Capital and Yum China acquire chainbusinessinsider.comKey quotes
· 3 pulledYum! Brands has sold Pizza Hut in a $2.7 billion deal that will split the property between two buyers: PE firm LongRange Capital and Yum China.
Yum! will refocus on KFC, Taco Bell, and Habit Burger.
Private equity firm LongRange buys chain in $1.5 billion deal
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