General Discussion

usonian

(26,963 posts) Tue Jun 16, 2026, 11:38 AM 14 hrs ago

Want a pizza (hut)? That will cost. you $2.7 Billion.

https://abcnews.com/Business/wireStory/struggling-pizza-hut-restaurant-chain-sold-27-billion-133918178

Almost half of that is the Chinese business. Go figure.

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

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 The pizza chain has struggled with outdated stores and growing competition.

Pizza Hut was founded in 1958 in Wichita, Kansas. PepsiCo acquired the chain in 1977 but spun off its restaurant division — which became Yum Brands — in 1997.

Private equity firm LongRange Capital is buying Pizza Hut, excluding the mainland China business, for about $1.5 billion, the company said Tuesday. The mainland China Pizza Hut will be purchased by Yum China Holdings Inc. for approximately $1.2 billion, it said.

4 replies

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Highlight:

Want a pizza (hut)? That will cost. you $2.7 Billion. (Original Post) usonian 14 hrs ago OP

They just let them go as far as I could tell. I used to like their thin pizzas many years ago... hlthe2b 14 hrs ago #1

Gordon Gecko's unknown twin brother said it: usonian 13 hrs ago #3

Private equity firms are just plain evil sakabatou 13 hrs ago #2

Can the kids still get pizza if they read a book? dem4decades 13 hrs ago #4

hlthe2b

(115,048 posts)

1. They just let them go as far as I could tell. I used to like their thin pizzas many years ago...

Reply to usonian (Original post)

Tue Jun 16, 2026, 11:42 AM

14 hrs ago

But, that really has been a long time... These damned private equity companies have zero intentions when buying except to liquidate stores and equipment.