Jun 17, 2026 | 12:48 pm
Plano-based Pizza Hut, whose sales have floundered for several years, is set to be acquired by private equity firm LongRange Capital in a $2.7 billion deal.
LongRage said Tuesday, June 16 that it agreed to buy Pizza Hut’s global business, except for the chain’s operations in China, from restaurant conglomerate Yum Brands for about $1.5 billion. Restaurant group Yum China Holdings, which has a corporate office in Plano, is purchasing Pizza Hut’s Chinese business for about $1.2 billion.
The deals are expected to close in the third quarter of this year…