Yum Brands has sold Pizza Hut to LongRange Capital for $1.5B; CPK is the focus of a broader restaurant-chart reshuffle in the sector.
Yum Brands has agreed to sell Pizza Hut in two deals valuing the chain at $2.7 billion: LongRange Capital will buy Pizza Hut outside mainland China for about $1.5 billion, while Yum China will buy the mainland China business for about $1.2 billion. The transactions are expected to close in the third quarter of 2026.