Struggling Pizza Hut restaurant chain to be sold in two deals worth $2.7bn

The Guardian UK Tuesday 16 June 2026, 13:40 UTC By Associated Press 1 min read

Key Points

Yum Brands is selling the pizza chain as it struggles with outdated stores and growing competitionThe struggling Pizza Hut restaurant chain will be sold for $2.7bn by parent company Yum Brands. Yum Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 US restaurants. The pizza chain has struggled with outdated stores and growing competition.

Yum Brands is selling the pizza chain as it struggles with outdated stores and growing competition

The struggling Pizza Hut restaurant chain will be sold for $2.7bn by parent company Yum Brands.

Yum Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 US restaurants. The pizza chain has struggled with outdated stores and growing competition.

Pizza Hut (ORG) Yum Brands (ORG) US (LOCATION)

Originally published by The Guardian UK Read original →

Ministry of Defence investigates after shots apparently fired within 500 metres of vessel near Isle of WightThe Ministry of Defence is investigating reports that a Russian frigate, the Admiral Grigorovich, fired warning shots within 500 metres of a British yacht sailing a little over 20 miles south of the Isle of Wight. No injuries or damage have been reported by the yacht, which is continuing its journey. A boat from HMS Tyne has visited the yacht to gather details and check the crew are safe.

The Guardian UK 33m ago

Ray Parlour backs local pubs during World Cup as late kick-offs keep Brits away

Ray Parlour backs local pubs during World Cup as late kick-offs keep Brits away A poll of 2,000 adults found that half of Brits will avoid watching World Cup games at the pub this year, with late kick-offs and pricey pints taking a toll on turnout at local pubs Half of Brits are set to give watching World Cup matches at the pub a miss this year, as late kick-offs and steep pint prices take their toll on attendance. A poll of 2,000 adults revealed that 33% plan to watch World Cup games from...

Daily Mirror 34m ago

Struggling Pizza Hut restaurant chain to be sold in two deals worth $2.7bn

Related Stories

Royal Ascot day 2 preview: Superstars Daryz and Ombudsman clash

Streeting warns against 'expensive' Labour leadership pledges

Russian frigate fires warning shots at British yacht in Channel – reports

Ray Parlour backs local pubs during World Cup as late kick-offs keep Brits away