Yum exits Pizza Hut in $2.7bn sale; LongRange Capital takes ex-China including India
Yum Brands offloads Pizza Hut for $2.7bn ($1.5bn ex-China to PE firm LongRange Capital, $1.2bn China stake), netting $2.3bn after $85m one-time costs. Devyani International continues running India operations but now reports to LongRange. India unit has badly trailed Domino's, with rival generating 3.2x revenue per outlet. Q3 2026 close.
Yum Brands is selling Pizza Hut in a $2.7bn deal, with PE firm LongRange Capital acquiring the ex-China business including India. Devyani International will continue running India operations but report to LongRange. Pizza Hut India has lagged Domino's significantly.