Pizza Hut’s South Korean unit set for ownership change under court supervision

Pizza Hut’s South Korean operations are set to be transferred to a newly created investment vehicle, according to The Korea Herald. The move is part of an ongoing court-led rehabilitation process aimed at maintaining the brand while limiting its debt load. Industry sources report that local private equity entities Kclavis Investment and Winter Gold have jointly established a new entity, PH Korea, which has agreed to acquire the operating rights to Pizza Hut’s Korean business for Won11bn ($7.6m). The tr ...