LongRange completes Pizza Hut buyout
- Founded in 1958, Pizza Hut has approximately $10 billion in system-wide sales
- Eduardo Luz serves as interim CEO of Pizza Hut
LongRange Capital has completed its previously announced acquisition of Pizza Hut, the restaurant chain headquartered in Wichita, Kansas, from Yum! Brands, Inc. for undisclosed terms.
The deal excludes Mainland China.
Founded in 1958, Pizza Hut has approximately $10 billion in system-wide sales.
Eduardo Luz serves as interim CEO of Pizza Hut.
“We are excited to complete this transaction and to partner with Eduardo and the Pizza Hut team,” said Bob Berlin, founder and managing partner of LongRange. “Pizza Hut has a storied legacy and global footprint that represents a significant opportunity. We are committed to supporting our franchisees and making the right investments to help Pizza Hut deliver consistently great food and experiences for guests around the world, while executing the operational and digital initiatives that will drive sustainable growth.”
