{"id":338624,"date":"2026-06-16T17:34:31","date_gmt":"2026-06-16T17:34:31","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/338624\/"},"modified":"2026-06-16T17:34:31","modified_gmt":"2026-06-16T17:34:31","slug":"yum-brands-sells-pizza-hut-in-2-7-billion-split-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/338624\/","title":{"rendered":"Yum Brands sells Pizza Hut in $2.7 billion split deal"},"content":{"rendered":"

Yum! Brands, one of the world\u2019s largest restaurant companies, has sold Plano-based Pizza Hut<\/a> for $2.7 billion in two different deals, the company announced on Tuesday. \u00a0<\/p>\n

Everywhere except mainland China, the pizza brand will be acquired by LongRange Capital, a private equity firm based in Connecticut. In mainland China, the brand will be acquired by Yum China Holdings, a Shanghai-based company that spun off from the larger Yum! Brands conglomerate and now ranks as China\u2019s largest restaurant company.\u00a0<\/p>\n

The blockbuster purchase deals came after Yum! Brands executives undertook a monthslong \u201ccomprehensive review of strategic options\u201d for Pizza Hut, Yum Brands! said in a news release. Pizza Hut, a nearly 70-year-old company and one of the world\u2019s most recognizable pizza restaurants, has lately been struggling<\/a> as some of its longtime rivals, including Domino\u2019s, have gained market share.\u00a0<\/p>\n

The deals allow Yum! Brands \u201cto be a more focused company\u201d and better deliver value to shareholders, Chris Turner, the company\u2019s CEO, said in a statement.\u00a0<\/p>\n

\u201cUnder LongRange and Yum China, Pizza Hut will be well positioned for future growth with ownership that brings deep expertise in the restaurant industry,\u201d Turner said.\u00a0<\/p>\n

A representative for Pizza Hut did not immediately respond on Tuesday for a request for comment.\u00a0<\/p>\n

Under the terms of the deal with LongRange Capital, the private equity firm will pay approximately $1.5 billion for Pizza Hut outside of mainland China, with Yum! Brands also eligible for an additional $75 million payout by 2030. Yum China will pay approximately $1.2 billion for Pizza Hut in mainland China.\u00a0<\/p>\n

The deal was unanimously approved by Yum!\u2019s board, and both transactions are expected to close in the third quarter of this year, according to a release. On Tuesday Yum! Brands\u2019 share price was up modestly on the news.\u00a0<\/p>\n

Pizza Hut, a brand that operates some 20,000 stores around the world, has its global headquarters at a 20-acre, amenity-rich campus in Plano. Early last year Yum! Brands, which is based in Louisville, announced it was moving its headquarters for KFC<\/a>, another major Yum! company, to the same location, along with around 100 employees. \u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Yum! Brands, one of the world\u2019s largest restaurant companies, has sold Plano-based Pizza Hut for $2.7 billion in…\n","protected":false},"author":2,"featured_media":338625,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[160,162,161],"class_list":["post-338624","post","type-post","status-publish","format-standard","has-post-thumbnail","category-plano","tag-plano","tag-plano-headlines","tag-plano-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/338624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=338624"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/338624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/338625"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=338624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=338624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=338624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}