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.
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...
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 ...
KFC is rolling out a global brand refresh that includes new menu items, redesigned restaurants, and updated branding to strengthen its position in the competitive chicken market. The initiative will reach over 34,000 locations worldwide, introducing ...
KFC is launching a new strategy focusing on boneless chicken options, expanding its sauce variety, and redesigning restaurants to create an immersive dining experience. This move aims to counter declining U.S. sales and increased competition from cha...
Papa Johns is closing about 300 underperforming stores in North America, mainly in Sun Belt states like Texas, California, Florida, and Arizona, to improve overall profitability and franchise health. The closures target older, low-sales locations gen...
