GoKawiilYum! Brands completes $2.7B sale of Pizza Hut, splitting China and global units
Yum! Brands has finished divesting Pizza Hut, selling its non-China operations to private equity firm LongRange Capital for $1.5 billion after already selling Pizza Hut China to Yum! China Holdings for $1.2 billion. Yum! could earn up to $75 million more by 2030 if Pizza Hut meets performance benchmarks, while CEO Chris Turner said the move frees the company to focus on KFC, Taco Bell and Habit Burger & Grill.