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LongRange Grabs a Slice of Pizza Hut

peprofessional

3 months ago

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LongRange Capital has agreed to acquire Pizza Hut, excluding its operations in Mainland China, from Yum! Brands for approximately $1.5 billion, with an additional $75 million in potential earn-out payments through 2030.

The transaction is part of a broader $2.7 billion split of the Pizza Hut business. Yum! is separately selling Pizza Hut's Mainland China operations to Yum China Holdings for approximately $1.2 billion.

Pizza Hut, founded in 1958, operates more than 15,500 restaurants in 108...

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