Pizza Hut
Yum! Brands agreed in June 2026 to sell Pizza Hut for $2.7B in two transactions: LongRange Capital takes the business outside mainland China for ~$1.5B plus a $75M earn-out through 2030, and Yum China bought the mainland China locations for $1.2B (closed August 7, 2026). LongRange gets 15,500+ restaurants in 108 countries and ~$10B in annual systemwide sales. The chain arrives with US systemwide sales down ~8% in fiscal 2025, same-store sales down 4% in Q1 2026, and roughly 250 US locations closed in the first half of 2026
- FOUNDED
- 1958
- ACQUIRED
- LongRange Capital, 2026, $1.5 billion (ex-China)
- WEB
- pizzahut.com
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Pizza Hut founded
Acquired by LongRange Capital for $1.5 billion (ex-China)
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