economy
Yum! Brands Sells Struggling Pizza Hut in $2.7 Billion Deal
Updated on: June 16, 2026 / 4:52 PM EDT / CBS News
TL;DR
- Yum! Brands is selling Pizza Hut for $2.7 billion.
- LongRange Capital will acquire Pizza Hut (excluding mainland China) for $1.5 billion.
- Yum China will purchase Pizza Hut China for $1.2 billion.
- The sale follows years of underperformance and lagging sales for Pizza Hut compared to other Yum! Brands chains.
- Pizza Hut has been losing market share to Domino's and facing competition from delivery companies.
- Yum! Brands began exploring options for Pizza Hut in November due to declining sales.