Yum! Brands agreed to sell its Pizza Hut business for $2.7 bln. The transaction splits assets: Pizza Hut operations outside mainland China will be acquired by private equity firm LongRange Capital; mainland China stores will be sold to Yum China Hold

2026-06-16

Yum! Brands agreed to sell its Pizza Hut business for $2.7 bln. The transaction splits assets: Pizza Hut operations outside mainland China will be acquired by private equity firm LongRange Capital; mainland China stores will be sold to Yum China Holdings. Yum! Brands shares rose as much as 2.2% in US pre-market trading.