Pizza Hut to be sold in £2bn deal just months after 64 UK sites saved from closure

Pizza Hut's parent company, Yum Brands, is selling the chain in a £2 billion deal to private equity firm LongRange Capital, excluding its Chinese operations. This comes just months after Yum saved 64 UK sites from closure. The sale price of £1.1 billion includes the UK operation, which faced near-administration last year. The deal underscores Yum's strategic shift and highlights the chain's enduring appeal despite recent challenges, potentially signaling a new phase of growth and investment.