A significant change has occurred in the ownership of a well-known pizza chain. The brand has been sold for $1.5 billion, marking a new era after years of slow sales growth. This transaction is notable as it is the first change in ownership since a major beverage company acquired the chain many years ago.

The sale involves operations outside of China, which have been transferred to a new owner. A separate deal saw China operations transferred to a sister company for $1.2 billion. Further details about the sale and its implications are available.