Yum Brands to Sell Struggling Pizza Hut Chain for $2.7 Billion as Demand Slumps

Yum Brands said on Tuesday it would sell its Pizza Hut chain for $2.7 billion, as the fast-food business struggles with stiff competition and cautious consumer spending. Pizza Hut in Mainland China will be acquired by Yum China Holdings for $1.2 billion, while the rest of the business will go to private equity firm LongRange Capital for $1.5 […] The post Yum Brands to Sell Struggling Pizza Hut Chain for $2.7 Billion as Demand Slumps appeared first on GV Wire .