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Getting the right finance to support rural Wales

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Chief executive of the Development of Wales Giles Thorley says th rural economy is not a niche part of Wales, but is fundamental and foundational

A farm in Powys.(Image: WalesOnline/Rob Browne)

Rural Wales is often discussed in the context of its challenges: a changing population, pressure on incomes, access to services, and connectivity. Those pressures are real and should not be understated.

But I also know that rural communities are home to some of the most resilient, innovative and entrepreneurial businesses anywhere in Wales.

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Across the country, rural businesses are already innovating, adapting and investing for the future. What they often lack is access to the right finance that reflects the realities of how they operate.

I spend a great deal of time around farming and rural businesses. My wife runs a smallholding so you could call me the farmer’s husband, so I think about farming a great deal.

I understand what a fantastic asset this part of the economy is, and just how many amazing people work in it. But I believe there is a disconnect around the way farming and the rural economy is perceived. That perception – or gap in perception – is important because it shapes how we think about investment.

The rural economy is not a niche part of Wales. It is fundamental and foundational to the country’s economic future. It supports jobs, local culture, communities, food security, environmental stewardship and, increasingly, our transition to a lower-carbon economy.

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Innovation in rural Wales, however, does not always look the same as it does in urban centres. It is often more gradual, more grounded and more closely tied to place. It can be a family farm diversifying into tourism, a food producer expanding into new markets, or a business investing in renewable energy or more sustainable production methods. These are not always labelled as innovation, but they are exactly that.

Across Wales, I have seen many examples of such transition. In Ceredigion, YnNi Teg is a community-owned renewable energy business helping local communities generate more green energy. In Mid Wales, we’ve backed many small rural businesses and entrepreneurs creating jobs in sectors from horticulture to hospitality.

Businesses like Bargoed Farm in Aberaeron are showing how farming and tourism can complement each other, while companies such as Cerrig Granite and Slate demonstrate how traditional industries can invest to reduce carbon emissions and modernise.

All of these businesses showcase the very best of rural Wales and they are not isolated examples. They are innovating, adapting and investing, showing us what a prosperous future looks like.

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But what many of them also need is access to long-term capital that reflects the realities of doing business in the rural economy.

Such firms often operate on different timescales to urban businesses. Returns can be seasonal. Investment cycles are longer. Margins can be tighter and access to traditional finance more constrained, particularly for smaller businesses or farms which means that the right product fit is every bit as important as the right supply.

That is why I strongly welcome the forthcoming launch of the Sustainable Agriculture Loan Scheme (SALS). Developed with the Welsh Government and delivered through the Development Bank of Wales, the scheme is designed to support small and medium-sized farms not able to get funding from the private sector to invest in energy efficiency, waste management and productivity improvements.

The structure of the scheme has been developed with the practical realities of the rural economy in mind. Farmers will be able to borrow between £25,000 and £1m; repayment periods will be up to 15 years.

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A repayment holiday at the outset can allow businesses time to realise the benefits of investment before repayments begin. Seasonal repayment structures reflect the realities of agricultural cashflow.

Importantly, SALS also represents a wider point about the role public finance can play in rural Wales.

Alongside traditional grant support, repayable finance can become a practical tool for enabling long-term investment while recycling capital for future generations of businesses.

It is about creating lasting impact, not simply offering one-off interventions.

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That approach aligns with wider aspirations for Wales. There is growing recognition that economic development must be rooted in communities: supporting Welsh ownership, strengthening local supply chains, retaining wealth here. Rural Wales has a central role to play in that.

There is also a growing recognition that farming itself sits at the centre of several national priorities: food production, biodiversity, energy transition, land management and rural employment.

Supporting sustainable farming practices is not about supporting one sector, it is about supporting communities and landscapes that underpin much of Welsh life.

In doing so, it also aligns closely with the Well-being of Future Generations (Wales) Act, contributing to a more resilient, sustainable and prosperous Wales for the long term.

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Of course, finance alone does not solve every issue facing rural Wales. Infrastructure, housing, skills and connectivity all matter. But access to the right kind of finance, money that can be patient, flexible and grounded in local understanding, can act as a catalyst for innovation and investment.

One of the things I admire most about rural businesses is their ability to adapt. Whether in farming, tourism, food production or energy, many of the most forward-thinking businesses I encounter are based in rural communities. They balance tradition with innovation and long-term stewardship with commercial reality.

Rural Wales is not standing still economically; in many areas, it is quietly reinventing itself.

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Crown Casino Online Heads the Top 5 E-Wallet Casinos for Aussies

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Crown Casino Online Heads the Top 5 E-Wallet Casinos for

Card declined, bank asking questions, statement full of casino entries – every Aussie punter has hit at least one of these walls. E-wallets (e-wallets) solve the lot, sitting between your bank and the casino so deposits fly through, details stay private, and the monthly statement shows one tidy wallet top-up instead of a dozen casino lines. This shortlist ranks five sites that handle e-wallet banking properly, and Crown Casino Online leads it – pairing wallet options like eZee Wallet, MiFinity and Neosurf with a games floor and bonus slate the niche wallet specialists can’t touch.

The legal picture first, since it shapes everything. Under Australia’s Interactive Gambling Act, no locally licensed operator may offer real-money online casino play, so every site here – the front-runner included – operates from offshore. Crown Casino Online runs on a licence from the government of Curaçao with eCOGRA certification vouching for game fairness, and it holds a firm 18-and-over line with identity checks wired into registration. And to head off the usual mix-up: this online brand has no connection to Crown Resorts or the venues in Melbourne and Sydney – a similar name on a completely separate business.

Why build a whole list around wallets? Because the payment method quietly decides half of your experience. Wallets and vouchers credit instantly, keep card numbers out of the casino’s hands entirely, and add a natural budgeting layer – you can only punt what you’ve loaded.

The five picks below were chosen for how well they support that style of play, with real limits and processing times pulled from the operators rather than banner promises.

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Why Do Smart Aussie Punters Bank With E-Wallets?

The case for wallets comes down to three words: speed, privacy, control. Deposits through eZee Wallet, MiFinity, Skrill, or Neteller land in the casino balance near-instantly, with no card processor in the middle to decline the transaction or flag it for a phone call. Your card and bank details never touch the casino at all – the wallet is the only party that sees them, which strips out the biggest data-security worry of online play.

Control is the underrated third leg. A wallet holds exactly what you’ve loaded into it, so it doubles as a tight budget: when the wallet’s empty, the session’s over, no overdraft temptation in sight. Prepaid vouchers like Neosurf and CashtoCode push this even further – bought with cash at a retailer, they carry zero connection to your bank whatsoever.

For punters who treat gambling as entertainment with a fixed price tag, that structure is genuinely useful, not just convenient.

What to Check Before Trusting Any Wallet Cashier?

Not every site that lists a wallet logo handles wallet banking well, so a few checks sort the genuine article from the window dressing.

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The strongest wallet-friendly casinos share the same backbone, and it’s worth confirming each point before the first deposit goes in:

  • A verifiable offshore licence and independent fairness certification.
  • At least two distinct wallet or voucher options, not a single token logo.
  • Instant deposit crediting with minimums low enough for casual play.
  • Withdrawal routes that don’t force everything back through slow bank rails.
  • Wagering terms in plain English, since unfinished wagering blocks more payouts than any banking issue.

One honest caveat applies across most of the offshore scene: wallets dominate the deposit side, while withdrawals often route through crypto or bank transfer instead. That’s true of the front-runner here, too, and the article says so plainly rather than pretending otherwise. Knowing the exit route before you enter is half the game.

Crown Casino Online: Wallet Deposits Done Properly

The top pick treats wallet banking as a first-class citizen rather than an afterthought. eZee Wallet deposits run from 30 AUD up to 4 000 AUD, MiFinity from 25 AUD to the same ceiling, Neosurf vouchers start at just 20 AUD with room up to 6 000 AUD, and CashtoCode covers the cash-voucher crowd from 25 AUD – every one of them crediting almost instantly, with the site quoting fifteen minutes as the outside edge. That spread covers the full wallet spectrum: a classic e-wallet, a borderless wallet, and two voucher options for punters who want zero bank involvement. Aussies who prefer this style of banking can register, pick their wallet at the cashier and fund an account at Crown Casino Australia online in less time than it takes to make a cuppa, then head straight for the reels with the balance already showing. On the way out, verified players cash out from 30 AUD up to 6 000 AUD per transaction, with crypto clearing in about 24 hours and bank routes taking three to seven business days – so the smart wallet punter deposits through their wallet for the speed and privacy, then exits through crypto when the win lands. It’s a banking setup built for exactly the player this list is written for.

Around that cashier sits the deepest entertainment package of the five. The catalogue clears 1,700 games with the pokies count past 4,000 – Playson and BGaming headliners, RTPs from 88% to 98%, stakes from 0.2 AUD – plus a live floor of roughly 39 dealer tables, crash games, 26 lottery designs, and over 15 poker variants. New sign-ups are courted with a 100% match plus 100 free spins, headlined to 1000 AUD, though the fine print carries a tighter first-deposit cap in places, so the terms deserve a read.

A 10-tier VIP ladder, Friday spins, Sunday top-ups, and slots cashback to 15% keep the value rolling after the welcome fades.

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Wild Tokyo: Skrill, Neteller, and PayID Under One Roof

Wild Tokyo brings the most familiar wallet names to the table – Skrill and Neteller sit alongside PayID, cards, and crypto, giving Aussies the classic e-wallet pairing that many older punters already hold accounts with. Deposits credit quickly, and the site’s reputation for rapid exits (PayID and crypto cash-outs often inside the hour) means wallet players aren’t stuck waiting once the fun’s over.

The Curaçao-licensed operator backs its banking with sheer volume: a pokies library widely reported in the thousands from Pragmatic Play, NetEnt, Play’n GO, and Evolution. Its multi-deposit welcome package is stacked with free spins, but quotes different figures across the web, so the on-site terms are the only ones worth believing.

For Skrill and Neteller loyalists who also want a monster library, this is the natural second stop.

Slots Gallery: The Widest Wallet Menu on the List

Slots Gallery, run by Hollycorn N.V. under Curaçao and Comoros licensing, wins the pure variety contest with around 22 banking options, including Skrill, Neteller, and ecoPayz, next to cards and the major coins. That breadth means almost any wallet an Aussie already uses will slot straight in, and crypto withdrawals reported at 10 to 20 minutes give wallet depositors a lightning exit ramp.

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The games side matches the banking ambition – content from well over a hundred providers including NetEnt, Play’n GO, Playtech, and Pragmatic Play. Bonuses run big with wagering around the 40x mark, so the eyes-open rule applies as always. For punters whose wallet of choice is the less common one, this is the site most likely to support it.

Where Does the Front-Runner Outpace the Wallet Specialists?

Set the five side by side, and the shape of the choice is clear. The specialists each carry one banner – Wild Tokyo, its Skrill-Neteller pairing, Slots Gallery, its 22-option menu – while the leader covers the wallet essentials and then wins everywhere else. Four distinct wallet and voucher routes, instant crediting, and the deepest game floor of the group are a package none of the others assembles in one place.

There’s a privacy angle to the top pick’s voucher support worth underlining, too. Neosurf and CashtoCode can be bought with cash, meaning a punter can fund play with literally no bank or card trail – the strongest privacy setup on this list. Combined with deposit limits and the rest of the responsible-play toolkit, it gives cautious players both anonymity and structure, which is a rarer combination than it should be.

Goldenbet: Tidy Alternative Wallets and Fast Exits

Goldenbet approaches wallets from a slightly different angle, leaning on AstroPay and similar alternative wallet rails alongside Visa and Mastercard. The result is the same where it counts: painless instant deposits and a cashier with a reputation for speed, with PayID withdrawals commonly reported in the five-to-thirty-minute range – the quickest exit on this list.

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The catalogue is curated rather than colossal, favouring a premium spread of pokies and tables over raw volume. That suits a particular punter perfectly: someone who wants wallet-style deposits, near-instant cash-outs, and a tidy shortlist of quality games without wading through ten thousand titles. As a banking-first pick, it’s hard to fault.

Boho Casino: Flexible Wallets With a Competitive Streak

Boho Casino rounds out the five with a flexible payment spread that covers wallet and voucher options alongside cards and crypto, all under a Curaçao licence. Crypto cash-outs typically reported at 30 to 60 minutes, keeping the exit brisk, and the cashier flow is simple enough that first-time wallet users won’t get lost.

Its personality lives in the engagement layer: frequent tournaments with serious prize pools, a structured VIP program, and a welcome offer reported up to 3 000 AUD plus 225 free spins with BGaming among the suppliers.

For wallet punters who like their banking convenience served with leaderboards and a steady drip of promotions, Boho is the most entertaining way to close the list.

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Every E-Wallet Option Compared in One Table

Casino Licence Wallet & voucher options Deposit speed Fast exit route
Crown Casino Online Curaçao + eCOGRA eZee Wallet, MiFinity, Neosurf, CashtoCode Instant, 15 min max Crypto ~24 hours
Wild Tokyo Curaçao Skrill, Neteller, PayID Instant PayID/crypto under 1 hour
Slots Gallery Curaçao + Comoros Skrill, Neteller, ecoPayz + ~22 methods Instant Crypto 10 – 20 min
Goldenbet Offshore (Curaçao) AstroPay and alternatives Instant PayID 5 – 30 min
Boho Casino Curaçao Flexible wallet spread Instant Crypto 30 – 60 min

Read it honestly, and two truths stand out. On raw exit speed, Goldenbet and Slots Gallery take the stopwatch; on the complete wallet experience – voucher privacy, low 20 AUD entry, four distinct routes, and the biggest games floor wrapped around them – the front-runner’s lead is comfortable. Which truth matters more depends on whether you’re optimising minutes or the whole night.

Load an E-Wallet, Claim Your Spins, and Play It Smart

Getting the full benefit takes one evening of setup. Open or top up your wallet of choice, then register at the casino with accurate details, set the currency to AUD, confirm being 18 or over, and upload a clear ID straight away – at the top pick verification clears within 48 hours, and sorting it on day one is what keeps later withdrawals moving.

Deposit from 20 AUD via Neosurf or from 25 to 30 AUD through the other wallets, claim the 100% welcome match and 100 free spins with the terms read end to end, and clear the wagering before requesting a cash-out.

Then keep it in the fun column. The beauty of wallet banking is that it builds the budget in – load only what’s painless to lose, and the wallet itself enforces the limit. Crown Casino Online adds deposit caps, self-exclusion, and a quick self-check test at the bottom of its pages, and the other four carry similar tools; a gambling support service in your state is always there if play ever stops feeling like play.

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Handled that way, an E-Wallet and a good casino make a clean, contained night’s entertainment – sign up, load sensibly, and may the reels be generous.

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Lionsgate Studios options trading jumps to 21,646 contracts

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Lionsgate Studios options trading jumps to 21,646 contracts

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Red’s All Natural adds frozen snack line

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Red’s All Natural adds frozen snack line

The line features burritos and sandwiches. 

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SpaceX, Western Digital among market cap stock movers on Tuesday

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SpaceX, Western Digital among market cap stock movers on Tuesday

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Major Highlights in Politics, Economy, Tourism, and Society

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Major Highlights in Politics, Economy, Tourism, and Society

Royal Family and National Mourning

Thailand is observing a 15-day mourning period following the death of Princess Bajrakitiyabha (Princess Bha) at the age of 47. Mourners lined Bangkok streets to pay their respects, and the princess, seen by some as a potential heir to the Thai throne, is being remembered for her people-centred legacy of service. Businesses, tourists, and organizations have been advised to observe the mourning period respectfully. Taiwan and other nations have formally expressed their condolences.


WWII Death Railway Resurfaces

A sunken train station from the infamous World War II “Death Railway” has re-emerged from a Thai reservoir after approximately 40 years underwater, attracting significant international media attention. Multiple outlets including AP News have published photographs documenting the resurfaced remains, offering a rare glimpse into one of history’s most harrowing wartime construction projects, which claimed tens of thousands of lives. The re-emergence has reignited interest in preserving this significant historical site.


Political Developments

Thaksin Shinawatra and Domestic Politics

Former Prime Minister Thaksin Shinawatra has been freed from parole following a royal pardon, though questions remain about whether he can genuinely “leave politics behind.” A progressive political leader was separately acquitted by a Thai court on charges of royal defamation, signaling ongoing tensions around political freedoms. Independent candidates are tipped to lead the upcoming Bangkok council race, suggesting a shift in voter sentiment away from established party structures.

Foreign Policy and Regional Disputes

Thailand has appointed South African and German experts to represent the country in a UN arbitration process and UNCLOS conciliation panel concerning its maritime dispute with Cambodia. Cambodia continues to urge Thailand to resume border demarcation work, citing delays in the joint mechanism, while over 28,000 Cambodians remain displaced despite a ceasefire agreement. Thailand has welcomed the US-Iran ceasefire and the reopening of the Strait of Hormuz, reflecting its broader diplomatic engagement.

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Tourism: Challenges and Opportunities

Visa Changes and Safety Concerns

Thailand has slashed visa-free durations for 93 countries, including the United States, following controversy over tourist behaviour. The move has triggered a rush among travellers seeking last-opportunity visits before the new rules take effect. Separately, the Tourism Ministry reaffirmed that Thailand remains safe for Russian tourists, following a widely circulated travel warning. A U.S. Embassy health alert issued in early June flagged enhanced Ebola screening measures at Thai entry points.

Competition and Strategy

Vietnam is emerging as Southeast Asia’s hottest tourist destination, with analysts noting Thailand must work to avoid repeating past missteps around over-tourism and infrastructure strain. Thailand’s Tourism Authority (TAT) is leveraging AI tools and visual content strategies — including an AI influencer named Nong Mali — targeting a 6.7 million Chinese visitor goal. China has already overtaken Malaysia, Russia, and South Korea to lead inbound tourism with nearly 2.4 million visitors, cementing first place in regional arrival rankings.


Economy and Business

Trade, Tax, and Investment

Thailand is advancing a 15% global minimum tax on multinational corporations, aligning with international frameworks. The country is also joining an international tax information sharing system and implementing electricity tariff reforms, with higher rates proposed for data centres to help reduce household power costs. Three major property groups have requested urgent government measures to revive the struggling real estate sector.

Industry and Infrastructure

Bangchak Group has unveiled Thailand’s first commercial Sustainable Aviation Fuel (SAF) production facility, a landmark step in the country’s green energy transition. Microsoft has committed over US$1 billion in investment in Thailand, covering technology, trust, and talent development. However, a KBank economist has warned that Thailand risks becoming the world’s “landlord” rather than a genuine technology player if structural reforms are not prioritised.

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Agricultural and Trade Tensions

Thailand’s shrimp industry is facing significant uncertainty following a ban imposed by Malaysia, with ministers preparing for bilateral talks. The Thailand-Malaysia standoff has been described by analysts as a “textbook case of modern food nationalism.” Thailand also risks losing 8 billion baht as visa changes threaten lucrative Indian wedding tourism, a growing and high-spending market segment.


Environment and Climate

Thailand faces a prolonged El Niño risk, with meteorological authorities warning of heavy rainfall, flooding, and broader climate disruption across multiple regions. The government’s Department of Climate Change and Environment (DCCE) is stepping up response measures, and Thailand is actively building a climate risk database to inform long-term planning. A toxic “time bomb” has been identified threatening the Mekong River basin, with arsenic levels hitting nine times the danger threshold — disproportionately affecting the region’s poorest communities.


Legal, Social, and Cultural Highlights

  • Thailand’s Draft Clean Air Act has returned to Parliament, with significant implications for environmental regulation and corporate compliance.
  • The government is cracking down on foreign companies using local ownership as a front for illegal operations.
  • Thailand and the Philippines led Asia at the Gerety Awards 2026 shortlist stage, highlighting the region’s growing creative industry presence.
  • Netflix’s Thai legal drama “Courtroom Devil” conquered the platform overnight, underscoring Thailand’s rising influence in global entertainment content.

Sources include The Guardian, AP News, Bangkok Post, Nation Thailand, The New York Times, and additional regional and international outlets.

Source : Google News – Search

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Business activity falls in Yorkshire and Humber, survey suggests

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The NatWest Regional Growth Tracker pointed to a range of pressures facing businesses in the area

Scarborough, North Yorkshire, United Kingdom - 10 September 2022: sign and logo on the front of a high street branch of a natwest bank in Scarborough

A NatWest branch(Image: Philip Openshaw via Getty Images)

Business activity in the Yorkshire and Humber area saw a reduction in May, according to an influential business survey.

The NatWest Regional Growth Tracker, which measures change in the output of the region’s manufacturing and service sectors – dropped to 46.5 in May from 51.4 in April. The latest reading pointed to a second reduction in output in the past three months, with scores below 50 suggesting a contraction in the economy.

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The pace of decline was the sharpest since last September and greater than the national average. Companies taking part in the survey indicated lower new orders amid weaker customer demand, as well as highlighting uncertainty among clients, which prompted hesitation in committing to new projects.

Efforts by Yorkshire & Humber companies to limit costs resulted in employment reductions in May, both through direct job cuts and the non-replacement of leavers. As a result, workforce numbers decreased sharply, marking the largest contraction since July last year.

Companies also had to contend with growing inflationary pressures, the survey found, but firms in Yorkshire and Humber remained above the national average for confidence in the year ahead.

Malcolm Buchanan, Chair of the NatWest North Regional Board

Malcolm Buchanan, Chair of the NatWest North Regional Board(Image: Nicola Gotts Photography)

Malcolm Buchanan, chair of the NatWest North Regional Board, said: “After showing signs of positivity in April, the Yorkshire & Humber region suffered a setback in May as market uncertainty and steep price rises suppressed demand and led to a renewed fall in business activity. In particular, cost pressures intensified again and were substantial, with firms locally suffering one of the sharpest increases in input costs across the UK.

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“Price pressures stemmed from a range of sources, including energy, transportation, raw materials and staff, providing little respite for companies. In turn, cost cutting efforts meant that staffing levels decreased sharply.

“There were some positive signs in terms of the year-ahead outlook, however, with a number of companies planning business investment in an effort to boost activity over the coming 12 months.”

The survey has been released ahead of the release of key economic data this week on regional and national unemployment levels, and on the latest inflation figures.

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'We'll raise rates again if we need to': Bullock

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'We'll raise rates again if we need to': Bullock

RBA governor Michele Bullock says the central bank’s board will not hesitate to raise the cash rate again if needed, after resolving to hold the rate at 4.35 per cent following three consecutive rate rises.

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Yum Brands sells Pizza Hut to LongRange Capital and Yum China

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Yum Brands sells Pizza Hut to LongRange Capital and Yum China

A sign hangs above the front of a Pizza Hut restaurant on Feb. 9, 2026 in Chicago, Illinois.

Scott Olson | Getty Images

Yum Brands on Tuesday announced it is selling Pizza Hut to private equity firm LongRange Capital for roughly $1.5 billion.

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The deal excludes the pizza chain’s locations in mainland China; Yum China will acquire those in a separate transaction for about $1.2 billion.

The deals cap off years of struggles for Pizza Hut, which has weighed on Yum’s overall financial performance. In the U.S., the pizza chain has transitioned from the sit-down format and salad bars of yore to focus on delivery and carryout — far behind the curve. Rival Domino’s Pizza has gobbled up market share from Pizza Hut for years; third-party delivery apps like DoorDash have further stolen sales from the chain.

Shares of Yum were up nearly 2% in morning trading Tuesday.

In November, Yum said it was exploring strategic options for Pizza Hut. On Tuesday, the company said its leadership team and board determined that selling Pizza Hut would provide “the strongest path” to maximize shareholder value and give the pizza chain an ownership structure “tailored to its distinct markets, competitive strengths and long-term priorities.”

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Across both deals, Yum expects to receive about $2.3 billion in net proceeds after taxes, closing adjustments and fees, excluding a possible earnout of $75 million by 2030 from LongRange. Yum also anticipates one-time expenses of about $85 million during the rest of 2026 tied to the transactions.

The company’s management will provide more details about the financial impact of the transactions during Yum’s second-quarter conference call on July 30. Yum expects the sales to close in the third quarter, subject to regulatory approval.

Brothers Dan and Frank Carney founded Pizza Hut in 1958 in Wichita, Kansas. A year later, they were franchising the concept.

In 1969, Pizza Hut went public. Just two years later, it was the biggest pizza chain in the world, although it lost that title in 2017 to Domino’s.

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The deal severs Pizza Hut’s decades-long ties to Taco Bell and KFC, its sister brands in Yum’s portfolio.

PepsiCo bought Pizza Hut in 1977, marking the beverage giant’s entry into the restaurant business. By 1986, it also owned Taco Bell and KFC. When Pepsi spun off its restaurant unit in 1997, the holding company was dubbed Tricon Global Restaurants — later renamed to Yum.

At the end of 2025, Pizza Hut had nearly 20,000 locations across 108 countries and territories and reported $12.8 billion in annual system sales, according to regulatory filings from Yum. The U.S. is its biggest market, representing about 40% of its system sales, followed by China with roughly 20% of its system sales.

Correction: The headline was updated to reflect that the $2.7 billion sale value includes deals with both LongRange Capital and Yum China.

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Nestle USA completes removal of artificial colors from portfolio

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Nestle USA completes removal of artificial colors from portfolio

The company started its reformulation initiative a year ago. 

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Yum Brands to sell Pizza Hut for $2.7B as company sharpens focus on Taco Bell, KFC growth

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Yum Brands in exclusive talks to sell Pizza Hut to LongRange Capital

Yum Brands announced on Tuesday that it is selling Pizza Hut to private equity firm LongRange Capital for $2.7 billion.

The transaction would mark a significant shift for one of America’s most recognizable pizza chains and underscores growing consolidation across the restaurant industry as operators navigate slowing consumer demand and higher costs.

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A Pizza Hut restaurant in New York. (Michael Nagle/Bloomberg via Getty Images)

Yum said last year it was evaluating strategic alternatives for Pizza Hut, including a potential sale, as the chain worked to reverse a prolonged sales slump.

This is a breaking news story. Please check back for updates.

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