American pizza chain and international franchise; owned by Yum! Brands
KFC is rolling out a global brand overhaul, including new sauces, a beverage platform, redesigned restaurants, and a refreshed logo and packaging. The move aims to modernize the brand while preserving its nostalgic appeal, as it faces stiffer competition from newer chicken concepts and rival chains.
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.