Yum! Brands, the company behind Pizza Hut, KFC, Taco Bell and Habit Burger & Grill, is selling Pizza Hut (aside from its Mainland China holdings) to LongRange Capital for $1.5 billion.
LongRange Capital owns 24Hour Fitness, Alpin Unlimited, Bakkavör, Batesville and US Synthetic.
A gym. Mountain sports. Food manufacturing. Funeral products. Diamonds. Why not add pizza to the mix?
“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,” said Chris Turner, Chief Executive Officer of Yum! Brands. “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.”
The sale is expected to close in the third quarter of 2026.
