Yum! Brands will sell Pizza Hut operations for $2.7 billion to LongRange Capital and Yum China as part of a global portfolio restructuring plan.

Yum! Brands is selling Pizza Hut in two deals worth $2.7 billion. The company said Tuesday that private equity firm LongRange Capital is buying Pizza Hut, excluding the mainland…

Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.