[Post 1476] Pizza Hut Lost in the U.S. Now It’s Selling for $2.7B. | WSJ What Went Wrong

Summary

Pizza Hut once dominated American pizza. Now its U.S. business is being sold for $1.7 billion by parent company Yum! Brands to a private equity company called LongRange Capital. Its mainland Chinese operations are being sold to spinoff Yum China Holdings for $1.2 billion.