Yum! Brands to sell Pizza Hut business for $2.7bn

Umesh Ellichipuram

Wed, June 17, 2026 astatine 9:40 AM CDT 1 min read

Restaurant franchise relation Yum! Brands has reached 2 definitive agreements to merchantability its Pizza Hut concern for $2.7bn.

Private equity institution LongRange Capital volition get the Pizza Hut concern excluding Mainland China for $1.5bn, with an further imaginable earn-out of $75m payable by 2030.

Yum China Holdings volition acquisition Pizza Hut successful Mainland China for $1.2bn.

Across some disposals, Yum! expects nett proceeds of astir $2.3bn aft taxes, closing adjustments and transaction-related fees, excluding the earn-out.

The institution besides anticipates incurring $85m successful one-off costs done the remainder of this twelvemonth to implicit the separation.

After closing, Yum! volition halt reporting Pizza Hut arsenic a abstracted division.

However, Yum! Brands volition proceed to supply "Byte by Yum!", its proprietary exertion platform, to Pizza Hut Ex-China and volition proviso definite firm services nether a modulation services agreement.

Both transactions are expected to adjacent successful the 3rd 4th of 2026.

The determination follows a strategical reappraisal of Pizza Hut launched successful November 2025.

Yum! said its absorption and committee decided that selling Pizza Hut is the "strongest path" to maximise shareholder value. The institution further added that it volition besides spot the marque with owners whose structures, marketplace absorption and QSR [quick-service restaurant] expertise acceptable its markets, strengths and semipermanent goals.

Recently, Yum! Brands announced its main operating serviceman and main radical and civilization officer, Tracy Skeans, would retire.