Yum China
Chinese company
Positive
Negative
Entity sentiment
Reports
News
Opinions
Statements
Articles
Relations
business Jun 16, 2026, 2:00 AM
Yum Brands sells Pizza Hut amid declining sales and store closures - Yum Brands sold Pizza Hut for $2.7 billion due to declining sales and store closures.
- The chain's U.S. business was acquired by LongRange Capital for $1.5 billion, while Yum China bought the mainland operations for $1.2 billion.
- The sale marks a significant shift in Pizza Hut's history, raising questions about its future direction.
500
2026 All rights reserved
2026 All rights reserved