finance.yahoo.com Deals and strategy
Yum China completes $1.2bn acquisition of Pizza Hut brand in China
Yum China Holdings has finalised the purchase of the Pizza Hut brand rights in Mainland China from Yum! Brands in a deal valued at $1.2bn. First announced in June, the transaction transfers ownership of the Pizza Hut brand in this market to Yum China, which has been operating the chain locally for 36 years. Yum China CEO Joey …