KFC pops up in headlines as Yum! Brands weighs bets on its brands and menus amid industry shifts. Quick bio: Kentucky-born fried chicken chain, global staple, HQ in Louisville.
Yum Brands has announced a split sale of Pizza Hut: LongRange Capital will buy the mainland-excluded business, while Yum China Holdings will acquire the mainland China unit. The transactions are expected to close in Q3 2026, moving Pizza Hut out of Yum's portfolio and focusing the group on other brands.