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The Latest Breaking News from LongRange Capital

Yum sells Pizza Hut business for $2.7 billion

‌Yum Brands has announced that it would sell its Pizza Hut chain for a combined $2.7 billion in two deals that highlight separate trajectories for its business in China and the rest of the world.

Bangkok Post

Pizza Hut: From $600 loan to 20,000 stores and the new $2.7 billion twist for the global empire

Pizza Hut, a nearly 70-year-old American icon, has been split in a $2.7 billion deal. Yum Brands is selling its international business outside China to LongRange Capital, while Yum China acquires the China operations. This division highlights Pizza Hut's contrasting fortunes globally and in China.

The Economic Times

Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia

Yum Brands sold Pizza Hut to private equity firm LongRange Capital and Yum China Holdings Inc. for a combined $2.7 billion deal.

Fortune

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Yum! Brands to sell Pizza Hut chain in £2bn deal

The move will see Yum sell the chain excluding Chinese operations to private equity firm LongRange Capital for 1.5 billion dollars (£1.1 billion).

Evening Standard

US:Struggling Pizza Hut chain to be sold for $A3.8 billion

Pizza Hut will be sold for $US2.7 billion by parent company Yum Brands.

AAP

Struggling Pizza Hut chain to be sold for $A3.8 billion

Pizza Hut will be sold for $US2.7 billion by parent company Yum Brands.

AAP

Slice of the Pie: Why Yum’s Deal Lifts QSR

The recent strategic divestiture by Yum Brands establishes a highly lucrative valuation floor, positioning Restaurant Brands International for gains.

MarketBeat

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Yum Brands in exclusive talks to sell Pizza Hut to LongRange Capital, source says

Yum Brands is reportedly in exclusive talks with private-equity firm LongRange Capital for a potential sale of its Pizza Hut chain. This move comes as the fast-food industry faces sustained demand weakness, rising inflation, and declining consumer sentiment. Pizza Hut has struggled to keep pace with other Yum Brands units,…

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