Pizza Hut is on the brink of transformation as Yum Brands agrees to sell the struggling chain for a hefty $2.7 billion. The deal paves the way for private equity firm LongRange Capital to take control in numerous markets, while Yum China Holdings Inc. will oversee operations in mainland China.
Yum Brands has agreed to sell its struggling Pizza Hut chain for $2.7 billion. Private equity firm LongRange Capital will acquire control in various markets globally. Separately, Yum China Holdings Inc. will manage Pizza Hut operations within mainland China, marking a…
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.