Yum! Brands Sells A&W and Long John Silver’s Restaurants

Yum! Brands Inc. has agreed to sell its A&W and Long John Silver’s Restaurants to two different companies in efforts to put their focus on their other brands. Known to most as the company behind KFC, Pizza Hut, and Taco Bell, Yum!’s chief executive, David C. Novak states that the two restaurants “no longer fit our long-term growth strategy.” Although the prices behind the sales have not been disclosed, we do know that A&J has been acquired by A Great American Brand, and Long John Silver’s will be going to LJS Partners LLC.

THX: DealBook