Yum! Brands Sells Pizza Hut for $2.7 Billion in Major Split-Up

Yum! Brands announced it is selling Pizza Hut in a $2.7 billion deal, after years of falling sales and lost market share to rivals such as Domino’s. The transaction is expected to close in the third quarter of 2026, pending regulatory approvals.

Under the agreement, the American investment fund LongRange Capital will buy Pizza Hut’s business outside China for about $1.5 billion. Yum China Holdings will acquire the chain’s operations in China for about $1.2 billion.

Pizza Hut was founded in 1958 and has more than 100 branches in Israel. Once considered one of the world’s leading pizza chains for decades, it has struggled in recent years with changing consumer habits, the rise of delivery services, and intensifying competition in the sector.

The company has also previously announced the closure of hundreds of unprofitable locations in the United States as part of efficiency efforts. Yum! Brands chief executive Chris Turner said, “Under LongRange and Yum China, Pizza Hut will be well positioned for future growth with owners who bring deep expertise in the restaurant industry.”