Yum Brands announced the sale of its Pizza Hut business and Yum China will acquire its mainland China business
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Yum Brands announced the sale of its Pizza Hut business for US$2.7 billion, of which Yum China will acquire the mainland China business for US$1.2 billion and become the brand owner.
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China News Service, Beijing, June 16 (Reporter Xie Yiguan) On June 16, Yum! Brands announced that it had reached a final agreement to sell the Pizza Hut business for a total of US$2.7 billion (approximately RMB 18.243 billion). The specific amount may change based on certain price adjustment terms.
Announcement screenshot.
Among them, private equity firm LongRange Capital will acquire the Pizza Hut business outside of mainland China, while Yum China Holdings Co., Ltd. will acquire the Pizza Hut business in mainland China.
On the same day, Yum China Holdings Co., Ltd. announced that it had signed a final agreement with Yum! Brands to acquire the ownership of the Pizza Hut brand in mainland China for a cash consideration of US$1.2 billion.
After the transaction is completed, Yum China will transform from the "exclusive franchisee" of the Pizza Hut brand in mainland China to the "brand owner", and Pizza Hut China will no longer have to pay Yum! Brands pay the franchise fee.
Subject to customary closing conditions precedent, the transaction is expected to close in the third quarter of 2026. (over)
