Yum! Brands will sell Pizza Hut in a $2.7 billion deal, with LongRange Capital buying most of the chain and Yum China acquiring the mainland China business. The sale follows declining sales, planned U.S. closures and growing competition from other pizza chains.
Posts tagged as “PepsiCo”
Kanye West is banned from entering the U.K., prompting cancellation of the Wireless Festival where he was set to headline. The move follows backlash over his antisemitic remarks and actions.
PepsiCo has announced the acquisition of the prebiotic soda brand Poppi for nearly $2 billion, marking a strategic move to expand its presence in the health-conscious beverage market. Founded in 2016, Poppi has gained popularity with its low-calorie, prebiotic-infused sodas, aligning with the industry's trend towards functional and wellness-oriented products. This acquisition underscores PepsiCo's strategy to adapt to changing consumer preferences and highlights the growing interest in the prebiotic soda category, a competitive space also being explored by rivals like Coca-Cola.