By Admin 
Pizza Hut New Owner: In India, eating pizza once meant Pizza Hut. In the early years, for many Indians, Pizza Hut was not just a fast food restaurant, but a special place associated with childhood and memories. Whenever there was any function, everyone felt like having a pizza party.
Now this famous brand is going to undergo a major change in its history. Pizza Hut, which has made a name for itself across the world, is now going to be separated from its parent company Yum Brands. It has been decided to sell Pizza Hut in a deal worth $2.7 billion, although the deal is not finalized yet.
Pizza Hut will be divided into two parts
Under this deal, Pizza Hut’s business will be divided into two parts. According to the report, Yum China Holdings will buy Pizza Hut’s business in mainland China for about $1.2 billion, while Long Range Capital will acquire the remaining global business for $1.5 billion.
The deal is expected to be completed by the third quarter of 2026 after regulatory approval. However, even after this change, Pizza Hut restaurants are not expected to be closed. Efforts will be made to improve the company again under the new owners.
Petrol-Diesel: Petrol diesel prices will increase! Crude oil supply eclipsed, Iran angry again – report
Why does Pizza Hut have to be sold?
Pizza Hut has been facing many challenges for the last few years. Changing consumer preferences, rising inflation and increasing competition in the fast-food industry have affected the company’s sales.
Apart from this, online food delivery apps and changing eating habits have also increased the pressure on Pizza Hut’s business. Customers are now seen moving towards more options and lower priced options. According to Yum Brands CEO Chris Turner, this sale will allow the company to focus more on its other strong brands like KFC China and Taco Bell.
Old business model faced challenge
Pizza Hut is one of the most recognized food brands in the world. In India, the brand has helped introduce many customers to Western-style casual dining for the first time. However, the food industry has completely changed in the last decade. Online ordering, food delivery apps and changing eating habits have challenged old business models.
E20 Business: New formula to earn big money, start these 3 powerful businesses related to ethanol with less investment