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LOUISVILLE, June 21, 2026, 09:04 (EDT) Yum Brands is splitting from Pizza Hut, offloading the struggling pizza chain’s U.S. and global operations to LongRange Capital. Yum China will now run the mainland business, which is opening more stores and raising profit. The total value on both deals is $2.7 billion. (Financial Times) Price gap points to the split in the two businesses. LongRange is set to pay $1.5 billion for over 15,500 restaurants in 108 countries. Yum China is picking up 4,375 stores for $1.2 billion. The non-China group is over three times the size in store count, but market

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