NASDAQ:YUMC 16 June 2026 - 22 June 2026

Yum Brands is offloading Pizza Hut in a split sale worth $2.7 billion, sending most of the pizza chain to LongRange Capital and selling the China business to Yum China Holdings. The move wraps up a strategic review started in November and shifts Pizza Hut out of the same group as KFC and Taco Bell.

Yum! Brands is set to unload Pizza Hut in a $2.7 billion split. Most of Pizza Hut will go to LongRange Capital, while Yum China Holdings takes over the China business. The Louisville-based parent said it reached firm deals following its review, which kicked off in November 2025. The agreement puts Pizza Hut outside mainland China in LongRange’s hands for about $1.5 billion. Yum China will pay around $1.2 billion for the mainland business.