It’s the end of an era for one of America’s favorite pizza chains. Yum! Brands, Inc. announced on June 16, 2016, that it will sell Pizza Hut in a $2.7 billion deal. Pizza Hut will split the sale between two owners. Private equity firm LongRange Capital will purchase Pizza Hut, excluding Mainland China. Yum China Holdings, Inc. will take ownership of Pizza Hut in Mainland China, according to a news release.
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“These transactions enable Yum! to be a more focused company that continues to leverage scale, technology, and talent to accelerate our raising the B.A.R. priorities and deliver sustained value for our stakeholders,” Chris Turner, Chief Executive Officer, Yum! Brands shared in a news release. “Under LongRange and Yum China, Pizza Hut will be well-positioned for future growth with ownership that brings deep expertise in the restaurant industry. Pizza Hut is one of the most iconic restaurant brands in the world, and we are proud of the important role it has played in Yum!’s history. Pizza Hut was built by the passion and dedication of our team members, employees, and franchisees, and we’re excited for the next chapter.”
There Are Thousands of Pizza Hut Locations Worldwide
Per the news release, LongRange will purchase its share of Pizza Hut for approximately $1.5 billion. Yum China will purchase its share for approximately $1.2 billion. Yum! Will continued to provide its proprietary technology platform, Byte by Yum!, to Pizza Hut locations outside Mainland China. The sale of Pizza Hut to LongRange Capital and Yum China will occur in the third quarter of 2026.
According to the Pizza Hut franchisee website, there are more than 19,000 Pizza Hut locations worldwide. Among them, more than 6,300 operate in the United States.
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