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Yum China Holdings Inc. has agreed to take full ownership of the Pizza Hut brand on the Chinese mainland from Yum! Brands Inc. for $1.2 billion in cash.
With the $1.2 billion deal, the company moves from the chain’s franchisee to its owner, eliminating the need to pay licensing fees
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Yum China Holdings Inc. has agreed to take full ownership of the Pizza Hut brand on the Chinese mainland from Yum! Brands Inc. for $1.2 billion in cash.

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Yum China Holdings is moving to take full ownership of the Pizza Hut brand on the Chinese mainland in a $1.2 billion deal, a…

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