Yum Brands is the global parent of Pizza Hut, KFC and Taco Bell, steering strategy through restaurant closures, potential Pizza Hut sale, and tech experiments like AI-powered monitoring.
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.