LOUISVILLE, Ky. — Restaurant operator Yum Foods has unloaded its troubled Pizza Hut brand. The Louisville-based company announced its U.S. operations will go to the private-equity firm LongRange Capital of Connecticut for $1.5 billion and its China operations to Yum China Holdings of Shanghai, for $1.2 billion. Pizza Hut’s sales fell 2% last year. The company will keep its profitable KFC and Taco Bell locations.
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