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Form 8-K · Current Report · Filed 2026-08-07

Yum! Brands Completes Sale of Pizza Hut China to Yum China Holdings

Yum! Brands, Inc. has completed the sale of its Pizza Hut business in Mainland China to Yum China Holdings, Inc. for $1.2 billion. This transaction is part of a larger agreement to sell Pizza Hut for a total of $2.7 billion, subject to certain purchase price adjustments. The sale of Pizza Hut outside Mainland China to LongRange Capital is still expected to close this month. The completion of this sale marks a significant strategic move for Yum! Brands as it focuses on its core brands KFC, Taco Bell, and Habit Burger & Grill.

Filer
Yum! Brands, Inc. YUM · NYSE
Filed
Accession
0001104659-26-092305
CIK
0001041061
Signal
High impactConsumer Cyclical

Items reported

Item events

Reported Item

Divestiture Agreement M&A Transaction Strategic Partnership

Market reaction

Close before filing

$152.28

Since filing

+0.0%

Latest close

$152.28

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from YUM reporting the same item, with the next session's move:

Insider tape

Within 45 days of this filing, YUM insiders reported 15 Form 4 transactions — net selling of $3.1M.

Full YUM insider history →

About Yum! Brands, Inc.

Yum! Brands, Inc. operates as one of the world’s largest fast-food restaurant companies, specializing in the development and management of globally recognized brands such as KFC, Pizza Hut, and Taco Bell. The company focuses on offering a diverse array of consistent, value-driven food options that cater to a wide range of consumer tastes and preferences. With its entrepreneurial franchise business model, Yum! Brands extends its global footprint across numerous countries, with thousands of restaurants strategically located to reach a vast customer base. A notable feature of the company includes its ability to integrate localized flavors and menu customizations while maintaining brand consistency and operational efficiency. Headquartered in Louisville, Kentucky, Yum! Brands plays a significant role in the quick-service restaurant industry, leveraging its significant scale and brand equity to influence market trends and consumer behavior.

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