Jump to contentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleErin KellerWednesday 02 September 2026 07:37 BST(Getty)Yum! Brands has completed the $1.5 billion sale of Pizza Hut's operations outside mainland China to private equity firm LongRange Capital.The deal concludes a $2.7 billion divestment that completely removes Pizza Hut from Yum's portfolio, shifting focus to KFC, Taco Bell, and Habit Burger & Grill.Yum could receive an additional $75 million by 2030 if Pizza Hut achieves specific performance benchmarks under LongRange Capital.The sale follows operational hurdles for Pizza Hut, including 250 U.S. location closures and franchisee losses linked to an AI delivery system.To revitalize the brand, Pizza Hut is embracing nostalgia by restoring locations to their classic 1980s and 1990s look at a lower cost than standard remodels.In fullAn expensive slice! Pizza Hut is sold by parent company for $1.5BMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in