Yum Brands unloads Pizza Hut in $2.7 billion deal with LongRange and Yum China
LOUISVILLE, Kentucky, June 22, 2026, 09:02 EDT 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.