Struggling Pizza Hut restaurant chain will be sold for $2.7 billion

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The Pizza Hut restaurant chain is about to be offered for $2.7 billion, its mum or dad firm Yum! Manufacturers has introduced.

Non-public fairness agency LongRange Capital is shopping for Pizza Hut, excluding the mainland China enterprise, for about $1.5 billion, the corporate stated Tuesday. The mainland China Pizza Hut will probably be bought by Yum China Holdings Inc. for roughly $1.2 billion.

The sale announcement comes after Yum! Manufacturers launched a strategic overview to discover choices for Pizza Hut in November, with the chain reporting declining gross sales at comparable shops.

Pizza Hut has practically 20,000 shops in additional than 100 nations, however the firm will get practically half its gross sales from the US, the place it has about 6,500 shops. Yum! Manufacturers additionally owns Taco Bell and KFC.

The corporate stated in February 2026 that it might shut 250 underperforming Pizza Hut areas within the U.S.

Pizza Hut has struggled in opposition to rival chains like Domino’s Pizza, in contrast to Taco Bell which has constantly drawn in new clients by introducing new menu objects.

“These transactions allow Yum! to be a extra centered firm that continues to leverage scale, know-how and expertise to speed up our elevating the B.A.R. priorities and ship sustained worth for our stakeholders,” stated Chris Turner, chief govt officer of Yum! Manufacturers.

“Beneath LongRange and Yum China, Pizza Hut will probably be properly positioned for future progress with possession that brings deep experience within the restaurant trade. Pizza Hut is among the most iconic restaurant manufacturers on the earth, and we’re happy with the essential position it has performed in Yum!’s historical past. Pizza Hut was constructed by the eagerness and dedication of our staff members, workers and franchisees, and we’re excited for the subsequent chapter.”

Yum!’s Board of Administrators unanimously accredited the sale and the corporate expects each transactions to shut within the third quarter of 2026.

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