Yum Brands sells Pizza Hut in $2.7bn split deal with LongRange Capital and Yum China

Yum Brands is parting ways with Pizza Hut in a major $2.7 billion deal, splitting the pizza chain between private equity firm LongRange Capital and Yum China Holdings. This move signifies a strategic shift for Yum, likely aimed at streamlining operations and focusing on its core brands. With Pizza Hut's significant presence in China, the partnership with Yum China could pave the way for a revitalized global strategy, ensuring the brand's continued growth and relevance in key markets.