Yum Brands to Sell Pizza Hut for $2.7 Billion

The restaurant giant says separate owners are better positioned to grow the brand in China and international markets.

A Pizza Hut store in Costa Mesa, Calif., on Dec. 27, 2023. John Fredricks/The Epoch Times

Yum Brands is selling Pizza Hut in a pair of transactions worth a combined $2.7 billion, splitting ownership of the pizza chain between a U.S. private equity firm and a Chinese restaurant operator.

The company said on June 16 that it will sell Pizza Hut’s operations outside mainland China to private equity firm LongRange Capital for approximately $1.5 billion. In a separate transaction, Yum China will acquire the chain’s mainland China business for about $1.2 billion.