Yum Brands to sell Pizza Hut to LongRange Capital for $2.7 billion

Yum! Brands, Inc.

Yum! Brands, Inc.

YUM

0.00

June 16 (Reuters) - Yum Brands YUM.N said on Tuesday it would sell its Pizza Hut chain to private equity firm LongRange Capital for $2.7 billion, at a time when the unit struggles to keep pace with rivals in an increasingly competitive fast-food market and amid cautious consumer spending.


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