Pizza Hut, where sales have lagged with arrival of delivery culture, will be sold for $2.7 billion

AP ^ | 06 16 2026 | MICHELLE CHAPMAN and DEE-ANN DURBIN

[yesthatjallen]

Pizza Hut, the 68-year-old chain that has long struggled with growing competition and outdated restaurants, will be sold for $2.7 billion by parent company Yum Brands.

Yum said Tuesday that the private equity firm LongRange Capital will buy Pizza Hut, excluding the mainland China business, for about $1.5 billion.

The mainland China Pizza Hut will be purchased by Yum China Holdings Inc. for approximately $1.2 billion, the company said. China is Pizza Hut’s second-largest market outside the U.S., accounting for 19% of sales.

Yum Brands, which also owns KFC and Taco Bell, began to explore its options for Pizza Hut in November. Last year, Yum Brands’ global sales rose 5% but Pizza Hut’s sales fell 2%.

SNIP

[redinIllinois]

.

[exPBRrat]

When our children were younger we used to go there all the time maybe twice a month, Loved it.

[Right_Wing_Madman]

“private equity firm” The kiss of death.

Pizza Hut was already dying after they stopped making their dough/crust in-store. If I want a pre-made pizza, I'll go to Walmart or Costco's for less than half-price.

Too many better pizza options out there.

[Zack Attack]

“Pizza Hut will now likely become the blandest, cheapest ingredient, generic carboard reheated frozen pizza product of them all.”

Competition for Little Caesars.

[GenXPolymath]

“Pizza Hut is to Italian Americans what Budweiser is to Irish Americans....”

Huh,

Pizza hut is to Italians as Budweiser is to Germans.

I used to work for Busch right out of the military where my MEMTT/M983 got me a civy class A CDL automatically delivering beer. We all had to learn the bud story.

Anheuser-Busch was co-founded by German immigrant Adolphus Busch and his father-in-law, Eberhard Anheuser. Adolphus transformed the small St. Louis brewery into a national powerhouse in the 1800s by pioneering pasteurization and refrigerated railcars, eventually creating Budweiser.