Yum Unloads Pizza Hut Chain As Private Equity Takes On Turnaround Challenge

Yum! Brands is divesting its Pizza Hut chain for $2.7 billion as it seeks to streamline its operations, focusing on its more profitable brands like KFC, Taco Bell, and The Habit Burger Grill. Private equity firm LongRange Capital is taking over Pizza Hut's international operations for $1.5 billion, while Yum China will acquire the Chinese segment for $1.2 billion. This strategic move highlights the challenges faced by Pizza Hut and underscores the potential for a revitalized brand under new ownership.