Chinese restaurant operator Yum China Holdings, Inc. has completed the acquisition of the Pizza Hut brand in mainland China from the American Yum! Brands, Inc. for $1.2 billion. This is reported in the Yum! press release.
To finance the deal, Yum China attracted a bridge loan of about $1.2 billion with a maturity of up to 12 months. Yum China expects to increase the number of new Pizza Hut restaurants from 600 to more than 800 in 2027 and 2028.
In June 2026, Yum! Brands Inc. has entered into an agreement to sell the Pizza Hut division for $2.7 billion to two buyers, in particular, the investment company LongRange Capital, an international chain (excluding China), for $1.5 billion, and the franchise company Yum China Holdings, the Chinese division, for $1.2 billion.
The decision to sell the Pizza Hut business, which Yum has owned since 1997, is aimed at the company's desire to focus on more efficient KFC and Taco Bell chains with steady growth and sales of $3.5 billion and $3 billion, respectively. Habit Burger & Grill generates revenue of $570 million.
Yum China Holdings, Inc. is a Chinese operator of fast food restaurants. The company is a former division of the American corporation Yum!. The headquarters is located in Shanghai (China), the company is formally registered in the USA (Delaware).
Yum! Brands, Inc. is an American corporation in the field of catering. In 1997, the company was spun off from PepsiCo, which owned the KFC, Pizza Hut, and Taco Bell chains. Yum! Brands owns 61,000 restaurants in 155 countries, and more than 98% operate under franchise rights. The headquarters is located in Louisville, Kentucky.
LongRange Capital is a private investment company founded with the aim of long—term investment and development of medium-sized businesses. The company operates Alpin Unlimited ski resorts in Austria. The headquarters is located in Stamford, Connecticut.
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