Yum Brands offloads Pizza Hut for $2.7B, splitting global and China arms to new owners
LongRange Capital takes Pizza Hut's global business for $1.5B while Yum China absorbs the China unit for $1.2B, ending a multi-decade Yum partnership. Deal closes Q3 2026, with knock-on implications for India franchisees Sapphire Foods and Devyani International.
What happened
Yum Brands selling Pizza Hut for $2.7B, splitting global ops to LongRange Capital ($1.5B) and China business to Yum China ($1.2B). India franchise operations
Key facts
- $2.7 billion total deal
- $1.5 billion LongRange
- $1.2 billion Yum China
- 6,300 US stores
- $5.1 billion US sales
- 250 US closures
Why this matters
A $2.7B split-asset carve-out validates regional-buyer structures for tired global QSR brands—template worth studying for any underperforming non-core franchise system.