Pizza Hut, one of the world’s most recognizable restaurant chains, is set to change ownership in a major $2.7 billion deal announced by parent company Yum Brands. The move marks a significant shift for the company as it focuses on strengthening its remaining brands, including KFC and Taco Bell.
Under the agreement, private equity firm LongRange Capital will acquire Pizza Hut’s operations outside mainland China for approximately $1.5 billion. Meanwhile, Yum China Holdings will purchase the Pizza Hut business in mainland China for around $1.2 billion, bringing the total value of the transaction to $2.7 billion.
The sale follows several years of challenges for Pizza Hut, including declining sales, increased competition from delivery-focused rivals, and changing consumer habits. The company has also announced plans to close hundreds of underperforming restaurants as part of its efforts to improve profitability.
Yum Brands says the deal will allow Pizza Hut to pursue growth under new ownership while enabling Yum to concentrate on its stronger-performing brands. The transaction is expected to be completed later in 2026, subject to regulatory approvals.
Founded in 1958, Pizza Hut has grown into a global brand with thousands of restaurants worldwide. Industry analysts will be watching closely to see how the new ownership plans to revive the iconic pizza chain and compete in an increasingly competitive food delivery market.
Follow 4RMediaEntertainment.com for the latest business news, market updates, and global corporate developments.
