Struggling Pizza Hut restaurant chain to be sold in two deals worth $2.7bn

Yum Brands is exiting the struggling Pizza Hut market by selling it for $2.7 billion, a move driven by outdated stores and fierce competition. This decision follows earlier plans to close 250 U.S. locations. The sale reflects the company's strategic shift to focus on more profitable ventures, highlighting the broader challenges fast-food chains face in a rapidly evolving market. The transaction underscores the ongoing pressures on traditional restaurant brands as consumers increasingly seek modern, tech-savvy dining experiences.