Yum sells Pizza Hut business for $2.7 billion (opens original article in a new tab)

Yum Brands sells Pizza Hut's global operations except China to LongRange Capital for $1.5 billion and sells its China business to Yum China for $1.2 billion, with the latter planning significant expansion in the Chinese market.

• Yum Brands sells Pizza Hut's global operations except China to LongRange Capital for $1.5 billion
• Yum China acquires Pizza Hut's mainland China business for $1.2 billion
• Pizza Hut has 4,375 stores in China with 19% operating profit growth last year
• Pizza Hut plans to expand to over 6,000 outlets in China by 2028