Yum China acquires Pizza Hut China brand for $1.2B. CEO Joey Wat calls the deal a transformative milestone for menu and store expansion.
Yum China Holdings Inc.
(NYSE:YUMC) said Tuesday it has agreed to acquire ownership of the Pizza Hut brand in Mainland China from Yum!
Brands Inc.
(NYSE:YUM) for $1.2 billion in cash.
Acquisition Ends Pizza Hut Royalty Payments Once the deal closes, expected in the third quarter of 2026, Pizza Hut China will no longer pay licensing fees to Yum!
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Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.
The sale will split ownership of the pizza chain between a U.S.-based private equity firm and a Chinese restaurant company.
