Brief by Shorts91 Newsdesk / 06:56am on 17 Jun 2026,Wednesday Business
Yum Brands has agreed to sell Pizza Hut in two separate deals worth a combined $2.7 billion, marking a major change for the global pizza chain. The company will sell Pizza Hut’s operations outside mainland China to LongRange Capital for $1.5 billion, while Yum China will acquire the China business for $1.2 billion. The move follows years of weak sales and rising competition in key markets. Alongside the sale, Yum Brands approved an additional $4 billion share buyback program. The company said the deal will help sharpen its focus on faster-growing brands such as KFC and Taco Bell and support future technology investments.
