Yum Brands to sell Pizza Hut in $2.7B deal
Yum Brands agreed to sell Pizza Hut to private equity firm LongRange Capital for $2.7 billion, while Yum China will acquire ownership of the Pizza Hut brand in mainland China. The deal transfers Pizza Hut operations outside mainland China to LongRange and ends Yum Brands' direct ownership after years of struggles for the pizza chain. Pizza Hut remains the largest casual dining restaurant brand in China, where Yum China says it will pursue further growth. The split creates two different owners, private equity for U.S. and international operations and Yum China for mainland China, setting distinct paths for turnaround, asset strategy, and expansion.
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.
Nash31By 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.
DocBadwrench5Yeah. I'm old enough to remember when going to Pizza Hut was such a treat... Feels like reminiscing about the mesozoic era.
C.V. Danes3Like most big chains, 'modern' management stripped out every distinguishing characteristic in the name of efficiency, leaving an experience indistinguishable from any other large franchise.
Out of Context Mickey Mouse Comics3Nothing has been the same since they stopped doing the Pizza Head commercials. Their true downfall
Mad Bastard2The 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.
SirFox2Found 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.
Dr. J (not that one)2Literally 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.
