Corrected: Yum Brands to sell Pizza Hut for $2.7 billion
16/06/2026 13:06
CORRECTED-Yum Brands to sell Pizza Hut for $2.7 billion Removes reference to LongRange Capital in headline, paragraph 1
June 16 (Reuters) - Yum Brands YUM.N said on Tuesday it would sell its Pizza Hut chain for $2.7 billion, at a time when the unit struggles to keep pace with rivals in an increasingly competitive fast-food market and amid cautious consumer spending.
(Reporting by Koyena Das and Neil J Kanatt in Bengaluru; Editing by Devika Syamnath)