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RIP in peace Pizza Hut: Yum Brands sells PH to PE for $2.7B

Posted on 6/16/26 at 11:02 am
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9846 posts
Posted on 6/16/26 at 11:02 am
quote:

Yum Brands on Tuesday announced it is selling Pizza Hut to private equity firm LongRange Capital for roughly $1.5 billion.

The deal excludes the pizza chain’s locations in mainland China; Yum China will acquire those in a separate transaction for about $1.2 billion.


quote:

In November, Yum said it was exploring strategic options for Pizza Hut. On Tuesday, the company said its leadership team and board determined that selling Pizza Hut would provide “the strongest path” to maximize shareholder value and give the pizza chain an ownership structure “tailored to its distinct markets, competitive strengths and long-term priorities.”

Across both deals, Yum expects to receive about $2.3 billion in net proceeds after taxes, closing adjustments and fees, excluding a possible earnout of $75 million by 2030 from LongRange. Yum also anticipates one-time expenses of about $85 million during the rest of 2026 tied to the transactions.


Would you think of the poor shareholders!!!111

The enshittification will accelerate and Pizza Hut will be bankrupt soon as the PE vultures have found another host to devour.

Good night, sweet prince.

CNBC LINK

This post was edited on 6/16/26 at 11:03 am
Posted by Cosmo
glassman's guest house
Member since Oct 2003
131909 posts
Posted on 6/16/26 at 11:03 am to
Pizza hut was gone a couple decades ago
Posted by castorinho
13623 posts
Member since Nov 2010
87798 posts
Posted on 6/16/26 at 11:04 am to
Can't wait to try the optimized pizza special.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
115917 posts
Posted on 6/16/26 at 11:05 am to
Terrible.
Posted by Kirby59
Rocket City
Member since Nov 2016
1061 posts
Posted on 6/16/26 at 11:05 am to
quote:

Pizza hut was gone a couple decades ago


But their buildings will live on forever in some form or fashion
Posted by The Pirate King
Pangu
Member since May 2014
68845 posts
Posted on 6/16/26 at 11:06 am to
As far as national chains go, Pizza Hut is way down there now. Papa John's leads by a mile, even though they've slipped a little.

Domino's, Pizza Hut, and Little Caesar's are all trash.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
46233 posts
Posted on 6/16/26 at 11:06 am to
Posted by VolsOut4Harambe
Baw Land
Member since Sep 2017
14564 posts
Posted on 6/16/26 at 11:07 am to
Pizza Hut has been awful for decades.
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
108389 posts
Posted on 6/16/26 at 11:07 am to
quote:

The enshittification will accelerate and Pizza Hut will be bankrupt soon as the PE vultures have found another host to devour.


So I have bad news.

It's been shite for a long, long time.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
81438 posts
Posted on 6/16/26 at 11:08 am to
I'll try to grab some pizza before the takeover is complete.
Posted by teke184
Zachary, LA
Member since Jan 2007
104571 posts
Posted on 6/16/26 at 11:08 am to
quote:

The enshittification will accelerate and Pizza Hut will be bankrupt soon as the PE vultures have found another host to devour.


Not sure it can get shittier than my neighborhood location.

Counter workers damn near picked a fight with me over how much they hate life working there.
Posted by Doctor B
Member since Jul 2024
1791 posts
Posted on 6/16/26 at 11:08 am to
I suppose that franchise owner who was trying to bring back the 80s and 90s style locations has just been vetoed (in effect).
Posted by usc6158
Member since Feb 2008
39175 posts
Posted on 6/16/26 at 11:08 am to
quote:

RIP in peace Pizza Hut


When was Pizza Hut last alive? 2003 or so?
Posted by Y.A. Tittle
Member since Sep 2003
111264 posts
Posted on 6/16/26 at 11:09 am to
So I guess these recent stories that started floating around of certain locations doing things to harken back to their "good ole days" were really just an attempt to juice up this deal a bit?
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9846 posts
Posted on 6/16/26 at 11:10 am to
quote:

So I have bad news.

It's been shite for a long, long time.


I have not had pizza hut in a while as I prefer a local pizza shop near my house.

It's just yet another example of MBA goons coming in and stripping and killing yet another American brand.

PE is a cancer on society.
Posted by nicholastiger
Member since Jan 2004
56380 posts
Posted on 6/16/26 at 11:10 am to
yep, they destroyed Pizza Hut
maybe new mgmt can revitalize it but it's not looking good
Posted by Spankum
The Sip
Member since Jan 2007
62604 posts
Posted on 6/16/26 at 11:10 am to
PH must be a lot more popular in other areas of the country. I don’t think the name is worth anywhere near 2B
Posted by billjamin
Houston
Member since Jun 2019
18516 posts
Posted on 6/16/26 at 11:12 am to
PH been trash for a while now. Maybe this is a good thing. They can't get much worse.
Posted by Jackie Chan
Japan?
Member since Sep 2012
4915 posts
Posted on 6/16/26 at 11:13 am to
Pizza Hut was only good in restaurant and getting the buffet.



It became a delivery only experience, and the quality went down also
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9846 posts
Posted on 6/16/26 at 11:13 am to
quote:

I don’t think the name is worth anywhere near 2B


PE has more money than they know what to do with and must buy shite to chase returns for muh shareholders.

AKA strip whatever assets they can, load PH up with debt used to purchase it and then bankrupt the company and run off with the cash.

It's the classic playbook and just more wealth transfer to the top.
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