Yum Brands in Talks to Sell Pizza Hut to LongRange Capital

Yum Brands is reportedly in advanced discussions to sell its Pizza Hut chain to private equity firm LongRange Capital. LongRange outbid other suitors, including Sycamore Partners, and a deal could be finalized within weeks. The sale would mark a significant shift for Yum Brands, which also owns KFC and Taco Bell, as it refocuses on its core brands. Pizza Hut has faced declining sales and increased competition in the fast-food pizza market. The transaction's value has not been disclosed, but it is expected to be substantial given Pizza Hut's global footprint. LongRange Capital, known for investments in consumer and retail sectors, would likely seek to revitalize the brand through operational improvements and expansion. The deal underscores ongoing consolidation in the restaurant industry as private equity firms seek undervalued assets.