Pizza chain will be sold for $2.7 billion after store closures and sales struggles (opens original article in a new tab)

Pizza Hut is being sold by Yum! Brands for $2.7 billion as part of a restructuring effort following store closures and sales challenges.

• Yum Brands plans to sell Pizza Hut for $2.7 billion in 2026
• LongRange Capital will buy Pizza Hut's business outside mainland China for $1.5 billion
• Yum China Holdings Inc. will purchase mainland China operations for $1.2 billion