Mergers & Acquisitions ·
Yum! Brands completed the sale of its Pizza Hut business rights in Mainland China to Yum China Holdings for $1.2…
YUMYum Brands Inc
Yum! Brands completed the sale of its Pizza Hut business rights in Mainland China to Yum China Holdings for $1.2 billion on August 7, 2026. This transaction is part of a broader strategy to divest the Pizza Hut brand, with an aggregate target value of $2.7 billion when combined with the pending sale of Pizza Hut outside Mainland China to LongRange Capital. Concurrently, Yum! Brands entered into an Amended and Restated Master License Agreement with Yum China to govern the ongoing relationship for KFC and Taco Bell brands in the region, including performance-based incentives tied to system sales growth over 12 years. The company operates in the global quick-service restaurant industry.