Pizza Hut to close 250 US restaurants as parent company considers selling brand

Pizza Hut plans to close 250 US restaurants in the first half of this year as its parent company considers a sale of the chain. Yum! Brands said on Wednesday it is targeting underperforming Pizza Hut restaurants in its system. Pizza Hut has more than 6,000 locations in the US. The Louisville, Kentucky-based company said in November it was conducting a formal review of options for Pizza Hut, which has struggled with outdated restaurants and growing competition. The chain’s US same-store sales, or...