Struggling Pizza Hut restaurant chain to be sold in two deals worth $2.7bn

Published June 16, 2026 · Category: Markets

Overview

Yum Brands is selling the pizza chain as it struggles with outdated stores and growing competition

The struggling Pizza Hut restaurant chain will be sold for $2.7bn by parent company Yum Brands.

Details

Yum Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 US restaurants. The pizza chain has struggled with outdated stores and growing competition.

Source

Originally published at www.theguardian.com.

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