American multinational fast food company; operates KFC, Pizza Hut, Taco Bell and more
A wave of AI-related IPOs from SpaceX, Anthropic and OpenAI is unfolding, with markets facing a flood of new stock. Retail demand remains strong for SpaceX, but analysts warn supply could overwhelm demand, pressuring prices and testing market resilience.
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.
KFC has announced a revamp that includes Open House, new sauces, and a refreshed Colonel Sanders look. The first Open House prototype will open in McKinney, Texas, later this summer, with table service, drive-thru and takeout. The chain is expanding its boneless items and introducing 20-plus sauces, including Chimichurri Ranch and Hot Honey Habanero, as part of a broader reinvention.