SMH
·general
·1 hour ago
Yum Brands sells Pizza Hut for $2.7 billion amid oil price drop
Yum Brands announced the sale of Pizza Hut for $2.7 billion, with most restaurants going to LongRange Capital and those in mainland China to Yum China Holdings. Oil prices fell below $80 per barrel for the first time since March, driven by hopes of a US-Iran deal to reopen the Strait of Hormuz.
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