Yum Brands sells a shrinking Pizza Hut for $2.7 billion

Yum Brands is divesting its Pizza Hut chain by selling its U.S. and international business to LongRange Capital for $1.5 billion and its mainland China operations to Yum China for $1.2 billion. This move comes as Pizza Hut struggles, with the chain closing 250 stores in America. The split reflects Yum Brands' strategic shift to focus on more profitable segments. The sales are significant as they signal a major restructuring effort to streamline operations and potentially revitalize the brand's market presence.