Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Summary
Pizza Hut, a restaurant chain owned by Yum Brands, is being sold for $2.7 billion. A private equity firm will buy Pizza Hut outside mainland China for $1.5 billion, while Yum China Holdings will buy the mainland China business for $1.2 billion.Key Facts
- Pizza Hut is owned by Yum Brands.
- The whole chain is being sold for a total of $2.7 billion.
- LongRange Capital, a private equity company, will buy Pizza Hut stores outside mainland China for about $1.5 billion.
- Yum China Holdings will buy the mainland China portion of Pizza Hut for around $1.2 billion.
- Yum Brands started reviewing Pizza Hut’s future in November because sales were dropping.
- Both sales deals are expected to finish in the third quarter of 2026.
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