Pizza Hut is set to be sold off for $2.7 billion, its parent company Yum! Brands has announced.
The business, excluding Mainland China, will be acquired by LongRange Capital.
Pizza Hut in Mainland China will be sold to Yum China Holdings, Inc. in a separate transaction.
“These transactions enable Yum! to be a more focused company that continues to leverage scale, technology and talent to accelerate our raising the B.A.R. priorities and deliver sustained value for our stakeholders,” said Chris Turner, Chief Executive Officer, Yum! Brands.
“Under LongRange and Yum China, Pizza Hut will be well positioned for future growth with ownership that brings deep expertise in the restaurant industry. Pizza Hut is one of the most iconic restaurant brands in the world, and we are proud of the important role it has played in Yum!’s history. Pizza Hut was built by the passion and dedication of our team members, employees and franchisees, and we’re excited for the next chapter.”
Yum!’s Board of Directors unanimously approved the sale and the company expects both transactions to close in the third quarter of 2026.
More to follow…