Yum sells UK Pizza Hut chain

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FAST food giant Yum Brands has sold its 330-strong Pizza Hut restaurant chain in the UK to London-based venture capitalist firm Rutland Partners.

Rutland said it will commit £20 million to a £60m refurbishment programme and operate the business under a franchise deal with the US group, which also owns the KFC and Taco Bell brands.

The Pizza Hut restaurant business employs around 10,000 people across the UK. Yum is to retain the brand’s delivery arm.