Yum Brands to sell Pizza Hut in $2.7B deal
as someone who delivered for them for three years and hasn’t been able to eat their food since, I don’t really care about Pizza Hut dying. I’ve got my lamp and that’s all I need.
okay I’ve also still got the car topper I stole 23 years ago lol
headed down the street to the original pizza hut and pouring a two-liter of pepsi out on the historical marker
I waited tables at Pizza Hut for one summer in college (1998) and haven't eaten their food since lol
"i've got my lamp, this red cup, this car topper, and that's all i need... and... this computer mouse"
I feel like I have smurf and ET glasses from the 1980's. It's interesting seeing old 'huts' from time to time and telling my kids: "That used to be a Pizza Hut" and explaining how they all looked like that in 80's.
Oh no! Did they repo the Hutt?
I ate the ninja turtles Raphael pizza with the cheesy bites crust in one sitting. I don't know how my hearts still functional.
I took the “art” from the walls. Three stooges with a pizza sticker on the glass.
I used to get their personal pan pizza regularly years ago, but then they changed their sauce & I thought it was vile after that.
Pizza Hut is being sold to private equity. Fast food giant Yum! Brands is selling the pizza chain, and all of the locations outside of China will be bought by private equity firm LongRange Capital for $1.5 billion. China locations are being sold to Yum China for $1.2 billion.
so long pizza hut you were enjoyed
So I can continue not going to Pizza Hut
That’s the end of Pizza Hut in the US. Round upon round of enshittification and cost-cutting will not save a failing chain.
Goodbye, Pizza Hut. Will remember you for how you used to be in the 90s 🫡
Soon they’ll all be like this,
This is so sad. I still remember when Sunday family nights meant Pizza Hut
Whatever quality Pizza Hut had will soon be gone. Which wasn’t much.
This is the second worst thing Mikhail Gorbachev's ever done
Gorbachev would not approve of this
Oh, so Pizza Hut will be out of business in less than a year then. Private Equity strikes again!
So nice our Captured Corporate Congress continues to give away tax breaks to Private Equity. So nice PE & their better tax breaks are buying out Corp Businesses. Everyone gets a tax break except for regular citizens, who fund Corp & PE groups tax breaks & pay higher prices when PE takes over.
Yay, a private equity firm to the rescue. I wonder if they're going to pull the same shit as Red Lobster - force all locations to sell their property, give the money to c-suite bonuses, then rent the land back at a huge loss. - ENSHITTIFICATION -
So what you're saying is that Pizza Hut will be bankrupt in a couple of years?
Pizza Hut used to be a sit down restaurant with a cozy vibe, stained glass lampshades, buffet, pinball machines and even a little rack of children’s books. i.e., somewhere that kids wanted to go. But they ultra-streamlined and tried to succeed on the strength of their pizza alone, which, well
Companies should hire me as CEO, and I’ll bring an innovative new philosophy to running a business: providing goods and services that people like.
kids -- here's some quarters -- go over there and play pacman, eat marginal pizza, and drink soda with crushed ice out of greasy red cups while the adults sit and crush cheap beer.
whomst amongst us didn't play their first Pac-Man game at a Pizza Hut
The pizza was only good if you ate just after it came out the oven. Soon after, their crust got soggy and nasty. Never held up to delivery / take out / leftovers. Also, they had a fairly decent salad bar to go with your pizza.
it got weird when they brought in a new distributor for chicken wings, bragged hard on them, then upped the price to food desert levels across the board. i live in texas, i am NOT paying $27 for a six-piece of chicken wings, i can buy TWO WHOLE CHICKENS FOR THAT AMOUNT and DO IT MYSELF FOR 8 WINGS
The took away the Hut and left the sub-par pizza.
Thinking about the Pizza Hut ad that always played on the Teenage Mutant Ninja Turtles VHS before the movie started. Whatever happened to that place
So many memories of evenings spent there with friends. Just one more casualty of useless corporate asses for whom success just wasn’t good enough.
Playing the console Mario Brothers game while my dad and his buddy Danny had a pitcher of Budweiser and drew up the roster for their softball league…beautiful memories of summer 1988
Such a fundamental part of my teenage years...
Pizza Hut is the worst of the big pizza franchises. There, I said it. Worse than Papa Johns, worse even than Dominos. Decades of cost-cutting have left it an inferior experience from top to bottom. Pizza Hut was once *the best* pizza like, 30 years ago. Yum Brands destroyed it.
By the way, the best large pizza franchise in the United States is Godfather's Pizza and if you're lucky enough to be in one of their service areas you should avail yourself.
Remember how good it used to taste to go to a restaurant and have that pan pizza delivered to your table?
Yeah. I'm old enough to remember when going to Pizza Hut was such a treat... Feels like reminiscing about the mesozoic era.
Like most big chains, 'modern' management stripped out every distinguishing characteristic in the name of efficiency, leaving an experience indistinguishable from any other large franchise.
Nothing has been the same since they stopped doing the Pizza Head commercials. Their true downfall
The one near me is alright.... but my other choices (as far as chains go) are Domino's, Papa John's and Little Caesar's. Oh, and Marco's, but they're a bit higher priced, last I checked.
Found out they put sucralose in their pizza dough. I didn't need another reason not to buy their food but, that stuff makes me feel wretched.
Literally had some on Friday and I was like “this is worse than Papa John’s and that’s saying something.” Used to be far superior.
I can confirm that the Colombian and Nicaraguan branches are still high-quality, where it's still a sit-down restaurant, if casual
Pizza Hut started going downhill when they got rid of the red cups. They never recovered.
Real Solomon with the baby but what if there was also an ouroboros involved somehow situation here lol Yum! Brands selling off the mainland Chinese arm of Pizza Hut to Yum! Brands China for $1.2B and everything everywhere else to private equity for $1.5B
I'll never understand capitalism lol when I wreck a business and lose a lot of people their jobs and by wreck a business I mean disappear it I erase it I SELL THE WALLS AND LIGHTBULBS I have to go to prison but when private equity bros do it they get to keep doing it more
“capitalism is efficient” my ass
Guess no more free slices of pizza for reading.
China gets to still have Pizza Hut and the rest of us can suck it I guess.
Maybe they shouldn't have invested in a crappy AI tool that got them sued by their franchisees
Pizza Hut no longer under the same parent co as Taco Bell … truly end of an era www.wsj.com/business/dea...
I’m at the recession. I’m at the leveraged buyout. I’m at the combination recession and leveraged buyout.
Their buffet once SLAPPED. Just fucking slapped.
not even trying to nostalgia bait 90s kids or whatever but it is AMAZING how bad pizza hut became after being a pretty decent chain 20 or 30 years ago
I don't know how the pizza could taste worse under PE.
Pizza Hut will be gone in a decade. Private equity kills everything.
End of an era youtu.be/c8qvo7CfEf0?...
The World You Grew Up In No Longer Exists
Pizza Hut hasn't been good for decades, but seeing it sold to a Private Equity firm guarantees enshittification and likely closure. I'll always have memories of the glorious Priazzo, free Book it! personal pan pizzas, red cups full of pellet ice, and beating Altered Beast on arcade cabinet there
A handful of them had a mini-arcade in the back. They’re also tied in my memories with the 30 min or its free delivery promise. Capitalism kills everything eventually 😑
I kind of miss the simpler times of the 80s, when Pizza Hut and Olive Garden were perceived by Americans as authentically Italian