Yum! Brands is divesting Pizza Hut for $2.7 billion, selling its operations outside Mainland China to LongRange Capital and Pizza Hut China to Yum China. This move allows Yum! to concentrate on accelerating growth in its remaining brands like KFC and Taco Bell. Meanwhile, Dave & Buster's missed Q1 expectations but maintained its full-year outlook, SpaceX acquired AI firm Anysphere in a $60B stock deal, and Walmart launched a summer sales event to compete with Amazon's Prime Day, potentially shifting sales timing within Q2.
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 ...
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 ...
Yum China has agreed to acquire full ownership of the Pizza Hut brand in Mainland China from Yum! Brands for $1.2 billion. This move ends license fees to Yum! Brands and gives Yum China greater control to innovate and expand Pizza Hut's presence from...
Yum Brands announced the sale of Pizza Hut to private equity firm LongRange Capital for about $1.5 billion, excluding mainland China locations which Yum China will acquire for $1.2 billion. The combined deals will bring Yum approximately $2.3 billion...
KFC is rolling out a global update featuring new menu items, over 20 new sauces, and redesigned restaurants to enhance customer experience and compete in the growing chicken market. The initiative will reach its 34,000+ locations worldwide, with new ...
