Yum! Brands is selling Pizza Hut in two deals worth $2.7 billion. The company said Tuesday that private equity firm LongRange Capital is buying Pizza Hut, excluding the mainland China business, for about $1.5 billion. Yum! Brands said the mainland China Pizza Hut will be purchased by Yum China Holdings Inc. for approximately $1.2 billion.
The struggling Pizza Hut restaurant chain will be sold for $2.7 billion by parent company Yum Brands.
Yum Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 U.S. restaurants. The pizza chain has strugg… [867 chars]
Source: The Atlanta Journal-Constitution | Published: 2026-06-16T12:41:43Z
Credit: The Atlanta Journal-Constitution
