Yum Sells Pizza Hut for $2.7B, Splitting Brand Between LongRange Capital and Yum China
Yum Brands is offloading Pizza Hut in a $2.7B deal—LongRange Capital takes international ($1.5B), Yum China takes China ($1.2B). The chain has lost ground to Domino's delivery model, with 250 US closures. India franchisees Devyani and Sapphire still operate 900+ outlets but face mounting pressure.
What happened
Yum Brands is selling Pizza Hut for $2.7B, splitting it between LongRange Capital (international, $1.5B) and Yum China ($1.2B). India franchisees Devyani
Key facts
- $2.7 billion total sale
- $1.5 billion LongRange deal
- $1.2 billion Yum China deal
- 600+ Pizza Hut outlets via Devyani
- 300+ outlets via Sapphire Foods
- 250 US store closures
Why this matters
Yum's decision to split rather than sell whole validates regional carve-out structures for underperforming legacy brands, creating a template for separating geographic rights to maximize buyer fit and proceeds.