YUM · 8-K · 20260807PR092305

Acquisition / Partnership / Divestiture

YUM BRANDS INC · 2026-08-07 · Importance 71 · Surprise 60 · No source text

Yum! Brands completed the sale of Pizza Hut China, covering Mainland China, to Yum China Holdings for $1.2 billion on August 7, 2026. The transaction is one of two previously announced definitive agreements to sell Pizza Hut for $2.7 billion in aggregate, subject to purchase price adjustments for the business outside Mainland China. The sale of Pizza Hut outside Mainland China to LongRange Capital remains targeted to close in August 2026, subject to customary closing conditions and required regulatory approvals.

Key facts

• The aggregate $2.7 billion sale is subject to certain purchase price adjustments relating to the sale of the Pizza Hut business outside of Mainland China. source
• Yum! Brands completed the sale of Pizza Hut in Mainland China to Yum China Holdings, Inc. for $1.2 billion. source
• The transaction with Yum China represents one of two previously announced definitive agreements to sell Pizza Hut for $2.7 billion in the aggregate. source
• Yum! Brands entered into a definitive agreement to sell Pizza Hut, excluding Mainland China, to LongRange Capital. source
• Yum! Brands stated the transaction to sell Pizza Hut, excluding Mainland China, to LongRange Capital remains on track to close this month subject to customary closing conditions, including receipt of required regulatory approvals. source
• The press release announcing completion of the sale was issued on August 7, 2026 from Louisville, Ky. source
• Yum! Brands and its subsidiaries franchise or operate more than 58,000 restaurants in 155 countries and territories. source
• Yum! Brands' restaurant brands include KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. source

Impact estimates