Yum! Brands announced it is selling Pizza Hut for $2.7 billion, splitting the deal between private equity firm LongRange Capital for $1.5 billion (excluding mainland China) and Yum China Holdings for $1.2 billion. The sale follows years of declining sales and market share losses to competitors like Domino's in the US. Yum! plans to use the proceeds to focus on its stronger brands like Taco Bell and KFC. The deals are expected to close in Q3 2026, marking a strategic shift as Pizza Hut struggles with changing consumer habits and delivery app competition.
Stocks of fast food chains like Sweetgreen, Chipotle, and Taco Bell fell due to investor worries over a cyclospora outbreak possibly linked to lettuce. Sweetgreen's shares dropped 5.6% on the day and have fallen over 24% in the last month, despite no...
Taco Bell, part of Yum Brands, is under investigation by federal and state health officials for a possible link to a parasite outbreak that has sickened over 3,000 people in Michigan and spread to other states. Some Taco Bell locations in Detroit hav...
Pizza Hut has introduced a limited-time Throwback Value Menu featuring iconic classics like Medium 1-Topping Stuffed Crust Pizza and new items such as Triple Cheese Mac and S'mores Sticks, with prices starting as low as $3. Alongside the menu, Pizza ...
