A Pizza Hut store in Costa Mesa, Calif., on Dec. 27, 2023. John Fredricks/The Epoch TimesYum Brands, owner of multiple globally recognized restaurant franchises, said on Nov. 4 it was initiating a formal review of strategic options for Pizza Hut, opening the door to a potential sale of the struggling fast-food chain.Yum Brands, based in Louisville, Kentucky, said in a statement that the intention of the review proceedings is to explore ways to maximize value for the Pizza Hut brand and its franchisees, as well as for Yum shareholders.
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