Pizza Hut, once a leader in the U.S. pizza market, has seen a significant decline and is now being sold for a total of $2.7 billion. The sale involves two key transactions: its U.S. and international operations (excluding China) are being sold to LongRange Capital for $1.5 billion, and its mainland Chinese operations are being sold to Yum China Holdings for $1.2 billion. This shift illustrates the challenges faced by the brand in maintaining its prominence in the competitive pizza industry.

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https://www.wsj.com/business/hospitality/pizza-hut-lost-in-the-u-s-now-its-selling-for-2-7-billion-a09f37f7

Pizza Hut Lost in the U.S. Now It’s Selling for $2.7 Billion.

Watch how Pizza Hut lost its grasp on the U.S. pizza market to Domino’s, leading to its sale in two separate deals

Ava Anderson

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Photo: Bloomberg News

Pizza Hut once dominated American pizza.

Now its U.S. and international operations outside of China are being sold for $1.5 billion by parent company Yum! Brands YUM-1.35%decrease; down pointing triangle to private-equity firm LongRange Capital. Its mainland Chinese operations are being sold to its spinoff, Yum China Holdings YUMC-0.81%decrease; down pointing triangle, for $1.2 billion.

Watch the video above to learn what went wrong and what challenges led one of America’s most iconic restaurant chains to this pivotal moment.

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Pizza Hut Lost in the U.S. Now It’s Selling for $2.7 Billion.

Pizza Hut Lost in the U.S. Now It’s Selling for $2.7 Billion.

Watch how Pizza Hut lost its grasp on the U.S. pizza market to Domino’s, leading to its sale in two separate deals

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