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Struggling Pizza Hut chain to be sold for $2.7bn. Being bought by private equity. Will Pizza Hut become another victim as investors chase high returns. Expect closures, wage/staff cuts, asset stripping, tax shenanigans.
Pizza Hut to be sold by Yum! Brands for $2.7bn
The decision comes after a prolonged period of difficulty for the chain, which has faced increasing competition from a range of rivals.
www.bbc.co.uk
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