Declining sales have out-Pizza'd the Hut, so Yum! Brands is slicing it off in a $2.7 billion split deal
Published
June 22, 2026 10:11AM (EDT)
A sign is posted on the exterior of a Pizza Hut restaurant on March 25, 2024 in San Pablo, California. (Justin Sullivan/Getty Images)
For Pizza Hut, a return to its iconic retro red roof era, complete with ‘80s-inspired vinyl booths and checkered tablecloths, wasn’t enough to save the struggling restaurant chain from complete financial mayhem. Instead, the circumstance of its salvation is a tale as old as time: an acquisition, namely by private equity.
