BREAKINGVIEWS-Pizza Hut sale serves slice of deglobalisation

Yum! Brands, Inc.

Yum! Brands, Inc.

YUM

0.00

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Katrina Hamlin

HONG KONG, June 18 (Reuters Breakingviews) - Yum is selling its pie chain in the People's Republic to offshoot Yum China for $1.2 bln. A buyout shop is scarfing down the rest. Luckily, the buyers are willing to assume the risk of sharing ownership of the brand. Getting a premium for the mainland unit is an added topping.

Full view will be published shortly.

Follow Katrina Hamlin on Bluesky and LinkedIn.

CONTEXT NEWS

Yum Brands plans to sell its Pizza Hut business for $2.7 billion, the company said on June 16.

Yum China will buy the Pizza Hut chains in mainland China for $1.2 billion, while the rest of the business will go to private equity firm LongRange Capital for $1.5 billion.

Yum Brands' shares rose 1.9% to close at $157.67 on June 16, while Yum China's shares, which are also New York-listed, fell 1.4% to $43.65.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.