Yum China Holdings Inc. has sold Pizza Hut outside China to LongRange Capital for $1.5B, reshaping its global footprint while continuing to run Pizza Hut and other brands in China.
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.