Mergers #pizza hut#yum brands
Yum! Brands to Sell Pizza Hut Chain for $2.7 Billion in Two-Part Deal
Yum! Brands announced the sale of its struggling Pizza Hut chain for $2.7bn. Private equity firm LongRange Capital will acquire the brand outside mainland China for $1.5bn, while Yum China Holdings will buy the mainland China operations for $1.2bn. The transactions are expected to close in the third quarter of 2026, subject to regulatory approvals, as Yum! Brands focuses on its remaining core brands KFC and Taco Bell.
Jun 17, 2026 2 sources