Yum Brands to Sell Struggling Pizza Hut Chain for $2.7 Billion as Demand Slumps

Yum Brands is offloading its Pizza Hut chain for $2.7 billion amid declining demand and fierce competition. Yum China Holdings will take over Pizza Hut's operations in Mainland China for $1.2 billion, while LongRange Capital will buy the rest for $1.5 billion. This move highlights the challenges Yum is facing and suggests a strategic pivot to streamline its business. It's a significant shift that could reshape the fast-food landscape and reflects broader trends in consumer spending and competitive pressures.