Yum completes sale of Pizza Hut business to LongRange Capital
Yum! Brands has completed the sale of Pizza Hut’s business outside mainland China to private-equity firm LongRange Capital for roughly $1.5 billion.
Yum! Brands NYSE:YUM has officially parted ways with Pizza Hut, completing the sale of the iconic chain's business outside mainland China to private-equity firm LongRange Capital for roughly $1.5 billion.
The deal closes a major portfolio reset for Yum, allowing investors to focus increasingly on f…