Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion

Yum is selling the 68-year-old Pizza Hut chain for $2.7 billion. The restaurant chain has struggled with outdated facilities and growing competition, particularly as the rise of delivery culture caused sales to lag. This transaction follows a period of decline for the brand, which faced difficulties maintaining its market position. The sale reflects the challenges the chain encountered while operating its restaurants, including those located in Chicago, Illinois, amidst a shifting industry landscape.