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Pizza Hut once dominated American pizza. Now its U.S. business is being sold for $1.7 billion by parent company Yum! Brands to a private equity company called LongRange Capital. Its mainland Chinese operations are being sold to spinoff Yum China Holdings for $1.2 billion.
WSJ explains the challenges that led one of America's most iconic restaurant chains to this moment.
Chapters:
0:00 Pizza Hut’s downfall
0:26 The rise
1:15 The struggles
1:45 The sale
2:15 The competition in China
What Went Wrong
What Went Wrong explores the challenging conditions and decisions that led to a company's downturn.
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