Papa John's and Pizza Hut Edge Toward Private Sales
Papa John's and Pizza Hut are in talks to sell to private investors. The chains face rising costs and weak demand, prompting a shift away from public markets.
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Major pizza retailers in the United States are reportedly moving toward private ownership as the industry grapples with intensifying competition and shifting consumer habits. Sources familiar with the matter indicate that PAPA JOHN'S INTL INC and Pizza Hut, which is currently owned by YUM! BRANDS INC, are engaged in separate discussions that could see both brands exit public stock exchanges.
