# YUM BRANDS INC (YUM) — litigation/settled [announced]
Source: SEC API (secapi.ai) · situation sit_8e22573f7eb6298967a4 · retrieved 2026-08-12T07:20:32.195Z

## Overview
YUM! Brands, Inc. is a restaurant company that owns and franchises the KFC, Taco Bell, and Pizza Hut brands globally.

On August 7, 2026, YUM! Brands, Inc. completed the sale of the rights to the Pizza Hut business in the People's Republic of China (excluding Hong Kong, Macau, and Taiwan) to Yum China Holdings, Inc. for $1.2 billion in cash. Yum China had previously been the exclusive licensee of these rights. In connection with the completion, YRI China Franchising, LLC (a YUM subsidiary) and Yum Restaurants Consulting (Shanghai) Company Limited (a Yum China subsidiary) entered into an Amended and Restated Master License Agreement removing all Pizza Hut references and establishing terms for KFC and Taco Bell brands, including incentives based on KFC system sales growth targets over the next 12 years and long-term growth plans for Taco Bell in the territory.

## Terms
- Counterparty: Yum China Holdings, Inc. · Deal value: $1.20B · Consideration: cash

## Key dates
- Announced 2026-08-07

## Timeline
- 2026-08-07 · 8-K (0001104659-26-092305): 8-K - YUM BRANDS INC — *YUM! Brands, Inc. is a restaurant company that owns and franchises the KFC, Taco Bell, and Pizza Hut brands globally.* On August 7, 2026, YUM! Brands, Inc. completed the sale of the rights to the Pizza Hut business in the People's Republic of China (excluding Hong Kong, Macau, and Taiwan) to Yum China Holdings, Inc. for $1.2 billion in cash. Yum China had previously been the exclusive licensee of these rights. In connection with the completion, YRI China Franchising, LLC (a YUM subsidiary) and Yum Restaurants Consulting (Shanghai) Company Limited (a Yum China subsidiary) entered into an Amended and Restated Master License Agreement removing all Pizza Hut references and establishing terms for KFC and Taco Bell brands, including incentives based on KFC system sales growth targets over the next 12 years and long-term growth plans for Taco Bell in the territory.
  https://www.sec.gov/Archives/edgar/data/1041061/0001104659-26-092305.txt

## Citations
- 0001104659-26-092305 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926092305