BUSINESS

Yum China Buys Pizza Hut’s Mainland Business

Published: Jun. 17, 2026 2:56 p.m. GMT+8

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A Pizza Hut store in Guangzhou. Photo: VCG

Yum China Holdings Inc. has agreed to take full ownership of the Pizza Hut brand on the Chinese mainland from Yum! Brands Inc. for $1.2 billion in cash.

The transaction is part of Yum! Brands’ broader plan to divest its Pizza Hut operations globally, with private equity firm LongRange Capital acquiring the business outside of the Chinese mainland for $1.5 billion.

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Yum China buys full ownership of Pizza Hut on Chinese mainland from Yum! Brands for $1.2 billion cash.
Deal eliminates licensing fees; Yum! Brands sells global Pizza Hut operations, with LongRange Capital acquiring non-China business for $1.5 billion.
Pizza Hut in China saw 18% operating profit jump in Q1 2026; Yum China CEO cites flexibility for innovation.

AI generated, for reference only

...: Yum China will acquire full ownership of Pizza Hut in mainland China for $1.2 billion, transitioning from franchisee to owner. The deal eliminates licensing fees and follows Yum! Brands' global divestment. Pizza Hut's China performance remains strong, with operating profit up 18% in Q1 2026, supporting growth flexibility.

AI generated, for reference only