Yum! Brands announced it will sell Pizza Hut for about $2.7 billion, splitting the brand between LongRange Capital for $1.5 billion (outside Mainland China) and Yum China Holdings for $1.2 billion (China). This move follows a strategic review aiming to sharpen focus on Yum!'s other brands like KFC and Taco Bell and optimize capital allocation. The deal is expected to close in Q3 2026, with Yum! planning to use proceeds for business investments and shareholder returns, including a new $4 billion share buyback program.
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 ...
