Struggling Pizza Hut chain to be sold for $2.7bn (opens original article in a new tab)

Yum! Brands is selling its struggling Pizza Hut chain for $2.7bn to private equity firm LongRange Capital and Yum China Holdings, aiming to focus on core brands KFC and Taco Bell.

• Yum! Brands is selling Pizza Hut for $2.7bn to LongRange Capital and Yum China Holdings
• Pizza Hut's decline is attributed to competition from discount chains and delivery apps
• Yum! Brands will retain UK Pizza Hut operations and focus on KFC and Taco Bell