Pizza Hut’s U.K. business, which is being sold by Yum! Brands Inc., may be acquired by buyout firm Endless LLP after other bidders dropped out, the Sunday Times reported, without saying where it got the information.
Yum! Brands Inc., owner of the KFC and Pizza Hut restaurant chains, said second-quarter profit gained 10 percent and boosted its earnings forecast for the year as customer traffic increased at restaurants in China.
Yum! Brands Inc., owner of the KFC and Pizza Hut brands, said same-store sales rose 2 percent in China last month, trailing analysts’ estimates, as its fried- chicken and pizza chains face more local rivals.