Pizza Chains Papa John's and Pizza Hut Edge Closer to Finding New Owners, Sources Say

US Stocks: Pizza chains Papa John's and Pizza Hut edge closer to finding new owners, sources say

Two of America's most popular national pizza chains ​are edging closer to selling to new owners as stiff competition, rising commodity costs and waning consumer demand are undercutting performance, according to ​five people familiar with the discussions.

Pizza chains Papa John's and Pizza Hut edge closer to finding new owners, sources say

Pizza Hut and Papa Johns May Go Private

Potential Buyers Could Take the Pizza Brands off the Market to Focus on Long-Term Turnaround Plans Sales of Papa Johns and Pizza Hut could be close.  Both restaurant brands are likely to be taken private so new owners can take measures to improve their performance. Pizza Hut operates 20,000 restaurants globally; about 99% are franchises. Papa Johns has 6,000 restaurants worldwide and more than 90% are franchised. Papa Johns and Pizza Hut may so…

PE firms circle Pizza Hut and Papa John’s as sale processes advance

Two of the US’s best-known pizza chains, Papa John’s and Pizza Hut, are moving closer to potential ownership changes amid private equity interest as separate sale processes gather momentum, according to a report by Bloomberg citing unnamed people familiar with the discussions. Both brands are weighing transactions that could take them private, in moves driven by weakening consumer demand, rising input costs and intensifying competition in the qu…