Yum Brands to sell Pizza Hut for $2.7B as company sharpens focus on Taco Bell, KFC growth

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Yum Brands announced on Tuesday that it is selling Pizza Hut to private equity firm LongRange Capital for $2.7 billion.

The transaction would mark a significant shift for one of America’s most recognizable pizza chains and underscores growing consolidation across the restaurant industry as operators navigate slowing consumer demand and higher costs.

A Pizza Hut restaurant in New York. (Michael Nagle/Bloomberg via Getty Images)

Yum said last year it was evaluating strategic alternatives for Pizza Hut, including a potential sale, as the chain worked to reverse a prolonged sales slump.

This is a breaking news story. Please check back for updates.

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