The Economic Times

Pizza Hut: From $600 loan to 20,000 stores and the new $2.7 billion twist for the global empire

Pizza Hut, a nearly 70-year-old American icon, has been split in a $2.7 billion deal. Yum Brands is selling its international business outside China to LongRange Capital, while Yum China acquires the China operations. This division highlights Pizza Hut's contrasting fortunes globally and in China.