Yum! Brands Sells Pizza Hut for $2.7 Billion

Yum! Brands has agreed to sell the Pizza Hut chain in two separate transactions totaling $2.7 billion. The deal involves private equity firm LongRange Capital acquiring global operations, while Yum China Holdings Inc. purchases the China business.

Key points

• LongRange Capital will acquire the majority of Pizza Hut's global business for approximately $1.5 billion.
• Yum China Holdings Inc. is purchasing the mainland China operations for about $1.2 billion.
• The sale follows a strategic review initiated by Yum! Brands in November 2025 to address declining sales and competitive pressures.
• Pizza Hut recently announced plans to close 250 underperforming U.S. locations to modernize its footprint.
• The transactions are expected to close in the third quarter of 2026.

Why it matters

The sale marks a significant shift for the 68-year-old brand as it attempts to recover from years of declining sales and evolving consumer habits in the competitive fast-food market.