Yum Brands offloads Pizza Hut for $2.7B, splitting global and China arms to new owners
LongRange Capital takes Pizza Hut's global business for $1.5B while Yum China absorbs the China unit for $1.2B, ending a multi-decade Yum partnership. Deal closes Q3 2026, with knock-on implications for India franchisees Sapphire Foods and Devyani International.
Yum Brands selling Pizza Hut for $2.7B, splitting global ops to LongRange Capital ($1.5B) and China business to Yum China ($1.2B). India franchise operations under Sapphire Foods and Devyani International could see ownership transition impact.