Yum! Brands offloads Pizza Hut for $2.7B, splits chain between LongRange Capital and Yum China
Yum! is exiting Pizza Hut in a two-part deal: LongRange Capital buys ex-China ops for $1.5B, Yum China takes the China business for $1.2B. Net proceeds of $2.3B fund a $4B buyback. India franchisee network (2,000+ stores across KFC, Taco Bell, Pizza Hut) faces ownership reshuffle. Close expected Q3 2026.
Yum! Brands is divesting Pizza Hut for $2.7 billion in two deals—LongRange Capital takes ex-China ops for $1.5B, Yum China takes China for $1.2B. Affects Pizza Hut India, where Yum! operates 2,000+ KFC/Taco Bell/Pizza Hut stores via franchisees.