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 in net proceeds after fees and taxes. This sale ends Pizza Hut's long struggles against competitors like Domino's and delivery apps, which eroded its market share. Yum's leadership sees the sale as the best way to maximize shareholder value and allow Pizza Hut to focus on its unique market challenges independently.
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 ...
