Pizza Hut, the 68-year-old chain
that has long struggled withย
growing competition and outdated restaurants,
will be sold for 2.7 billion dollars byย
parent company Yum Brands.
ย
Yum says said Tuesday the private equity firm ํํ ์ฌ๋ชจํ๋
LongRange Capital will buy Pizza Hut,
excluding the mainland China business
for about 1.5 billion dollars.
ย
The China Pizza Hut
will be purchased by Yum China Holdings
for approximately 1.2 billion dollars.
ย
Yum Brands says by selling Pizza Hut,
the company which also owns KFC and Taco Bell
can focus more on its brands with stronger sales.
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Iโm Julie Walker.
๋ค์๊ฒ์