Yum! Brands to Sell Pizza Hut for $2.7 Billion

Yum! 7 billion. 5 billion. 2 billion.

Yum! Brands chief executive Chris Turner said the new owners bring deep expertise in the restaurant industry. "Under LongRange and Yum China, Pizza Hut will be well positioned for future growth with ownership that brings deep expertise in the restaurant industry," he stated.

's history. Yum! Brands first revealed it was exploring a potential sale of Pizza Hut in November 2025. S.

Restaurants. Last year, Yum Brands' global sales rose 5 percent but Pizza Hut's sales fell 2 percent. S. market accounts for 40 percent of Pizza Hut's total international sales. , accounting for 19 percent of sales.

Pizza Hut had 19,974 restaurants worldwide at the end of last year. Yum Brands said the pizza chain has struggled with outdated stores and growing competition. The decision comes after a prolonged period of difficulty for the chain, which has faced increasing competition from a range of rivals.

Pizza Hut was founded in 1958 in Wichita, Kansas. It was bought by PepsiCo in 1977 and spun off into Yum! Brands in 1997. Yum! Brands bought Pizza Hut's UK operations in October 2025 after DC London Pie fell into administration.

The administration originally shut 68 Pizza Hut restaurants in the UK and put more than 1,200 jobs at risk. About 64 UK Pizza Hut restaurants were saved as part of a rescue deal. The transactions with LongRange Capital and Yum China are both expected to close in the third quarter of 2026, subject to customary regulatory approvals.

Yum Brands, whose other brands include KFC and Taco Bell, intends to streamline its corporate focus on its remaining core brands.