1 Day
Source:
The Boston Globe
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Pizza Hut to be sold for 2.7 billion
Pizza Hut will be sold by Yum Brands for $2.7 billion, with LongRange Capital purchasing most of it excluding China. Yum China Holdings will buy the China Pizza Hut business for approximately $1.2 billion. The sale aims to allow Yum Brands to focus on its stronger brands, as Pizza Hut has experienced declining sales and challenges adapting to changing market trends.
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