Yum Sells Pizza Hut for $2.7B, Splitting Brand Between LongRange Capital and Yum China
Yum Brands is offloading Pizza Hut in a $2.7B deal—LongRange Capital takes international ($1.5B), Yum China takes China ($1.2B). The chain has lost ground to Domino's delivery model, with 250 US closures. India franchisees Devyani and Sapphire still operate 900+ outlets but face mounting pressure.
Yum Brands is selling Pizza Hut for $2.7B, splitting it between LongRange Capital (international, $1.5B) and Yum China ($1.2B). India franchisees Devyani International and Sapphire Foods run 900+ outlets, having lost ground to Domino's delivery-first model.