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pstokely

(10,908 posts)
Wed Jun 17, 2026, 01:15 AM 10 hrs ago

Struggling Pizza Hut restaurant chain will be sold for $2.7 billion

Last edited Wed Jun 17, 2026, 03:10 AM - Edit history (1)

Source: The Independent

Private equity firm LongRange Capital is buying Pizza Hut, excluding the mainland China business, for about $1.5 billion, the company said Tuesday. The mainland China Pizza Hut will be purchased by Yum China Holdings Inc. for approximately $1.2 billion.

The sale follows a period of significant challenges for the brand, as outdated restaurant locations and intense competition in the fast-food sector led to a decline in sales.

Yum! Brands, which also owns KFC and Taco Bell, said in February that it was considering selling the chain as it announced the closure of 250 underperforming locations in the United States.

Pizza Hut was founded in Wichita, Kansas, in 1958, and was part of PepsiCo before being spun off into Yum! Brands in 1997.

Read more: https://www.msn.com/en-us/money/companies/struggling-pizza-hut-restaurant-chain-will-be-sold-for-2-7-billion/ar-AA25M02y?ocid=finance-verthp-feeds



when was the last time you saw a KenTacoHut combo?
8 replies = new reply since forum marked as read
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Struggling Pizza Hut restaurant chain will be sold for $2.7 billion (Original Post) pstokely 10 hrs ago OP
Private Equity Firm... regnaD kciN 10 hrs ago #1
Not a big loss as the quality has declined greatly over the past decade or two. cstanleytech 10 hrs ago #2
Agreed. Their pan pizza used to be really good, but I also remember it being pricier then than it is today. Midwestern Democrat 10 hrs ago #4
Won't miss them Wifes husband 10 hrs ago #3
I just had Pizza Hut two weeks ago ... SomewhereInTheMiddle 9 hrs ago #5
I worked at a Pizza Hut about 35 years ago. Haggard Celine 9 hrs ago #6
Become part of a Mega chain and die. It was still great when Pepsi bought them Bengus81 2 hrs ago #7
This explains why the last pie I ordered from there... Hugin 2 hrs ago #8

Midwestern Democrat

(1,049 posts)
4. Agreed. Their pan pizza used to be really good, but I also remember it being pricier then than it is today.
Wed Jun 17, 2026, 02:12 AM
10 hrs ago

They apparently made a - probably necessary at the time - business decision to be a cheaper priced, lower quality pizza chain.

5. I just had Pizza Hut two weeks ago ...
Wed Jun 17, 2026, 02:19 AM
9 hrs ago

.. one in the Addis Ababa, Ethiopia Airport and one in Accra, Ghana at a mall.

Pizza Hut is not great but it is fairly consistent in whatever country you buy it so I can get familiar pizza(-like food product) which can be hard to find in Africa.

At one point I made a habit of trying Pizza Hut in every country I visited. I would see the variation on the menu - Chicken Tikka Masala in India or Seaweed and Squid in Japan.

Some common menu items are not found in different regions - anything pork related is rare to non-existent in the Middle East and Africa.

While it is not good pizza, it is a comfort food for me when I travel and occasionally at home.

I hope they do not disappear completely.

Haggard Celine

(17,960 posts)
6. I worked at a Pizza Hut about 35 years ago.
Wed Jun 17, 2026, 02:22 AM
9 hrs ago

Back then, the food was decent. We used fresh ingredients and there were few complaints. There's only one left in my delivery area and it sucks. I quit ordering from them about a year ago. I don't order out much anymore, but now it's usually Domino's or Papa John's.

Bengus81

(10,506 posts)
7. Become part of a Mega chain and die. It was still great when Pepsi bought them
Wed Jun 17, 2026, 09:33 AM
2 hrs ago

But has really gone south over the last 10-15 years. Godfathers pizza was started in Wichita too. Only one left in Wichita,says they still have 400 locations. I loved that greasy azzz pizza!

Hugin

(38,075 posts)
8. This explains why the last pie I ordered from there...
Wed Jun 17, 2026, 09:37 AM
2 hrs ago

Was borderline inedible. Too bad, I liked their hand tossed crust.

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