Denny’s Goes Private in $620 Million Deal While Pizza Hut Faces Potential Sale
In a major shift for the restaurant industry, Denny’s Corporation has agreed to be bought out and taken private by a group of investors. The deal, valued at $620 million including debt, marks the end of the 72-year-old breakfast chain’s time as a publicly traded company. At the same time, Pizza Hut, another well-known fast-food brand, is drawing attention as its parent company explores options to sell it off amid ongoing struggles.
The Denny’s transaction involves private equity firm TriArtisan Capital Advisors, along with Treville Capital Group and Yadav Enterprises. It is an all-cash offer that the company’s board approved without opposition. Once completed, expected in the first quarter of 2026, Denny’s shares will no longer trade on public stock exchanges. This move comes as the diner chain grapples with sales challenges and a tough market for casual dining spots.
Over at Pizza Hut, owned by Yum! Brands, the news is equally significant. The company revealed it is looking into a possible sale of the pizza chain, one of its founding brands. Pizza Hut has faced declining sales and competition from rivals like Domino’s and Papa John’s. Yum! Brands hopes a sale could help refocus its efforts on stronger performers like KFC and Taco Bell.
These developments highlight broader pressures on U.S. restaurant chains. Rising costs, changing consumer habits, and economic uncertainty have pushed many to seek private ownership or divestitures. For Denny’s, going private could allow more flexibility in operations without the scrutiny of public investors. For Pizza Hut, a sale might bring fresh leadership to revive its menu and marketing.
Industry watchers say these changes could reshape how Americans eat out. As the deals progress, updates will show how they affect jobs, menus, and everyday dining choices.
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