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Yum! Brands to sell Pizza Hut for $2.7bn
Yum! Brands is selling its struggling Pizza Hut chain for $2.7 billion, with LongRange Capital acquiring international rights outside mainland China for $1.5 billion and Yum China purchasing mainland China operations for $1.2 billion. The sale aims to address declining performance in the U.S. market, driven by increased competition and changing consumer habits, allowing Yum! Brands to focus on its core brands like KFC and Taco Bell. The transactions are expected to close in the third quarter of 2026, pending regulatory approval.
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