Mezvinsky Scott sold (to issuer) $33K of YUM

Yum! Brands said it has completed the sale of Pizza Hut in Mainland China to Yum China Holdings for $1.2 billion. The deal is part of two agreements totaling $2.7 billion for Pizza Hut, with adjustments for the business outside Mainland China. Yum! Brands’ separate sale of non-Mainland Pizza Hut to LongRange Capital remains on track to close this month, pending approvals.

YUM BRANDS INC (YUM) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. EX-10.1 2 tm2622152d1_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 Execution Version Pursuant to Item 601(b)(10)(iv) of Regulation S-K, this exhibit omits certain information, identified by [*], that is not material and that the registrant treats as private or confidential. AMENDED AND R

Yum! Brands (NYSE:YUM) said it has completed the sale of Pizza Hut in Mainland China to Yum China Holdings (NYSE:YUMC, HKEX:9987) for $1.2 billion, per a company press release. The deal is part of two announced Pizza Hut sales totaling $2.7 billion, with a separate sale excluding Mainland China to LongRange Capital still expected to close this month.

The CDC said cyclospora cases linked to iceberg lettuce have expanded to 15 states, up from nine, with investigators focusing on lettuce from Taylor Farms after earlier attention on Taco Bell. Yum Brands reported Taco Bell U.S. same-store sales down 2% in July-September, while Chipotle expects 1% growth. IFPA urged broader outbreak investigations beyond food.

Yum! Brands plans to exit Pizza Hut via transactions totaling about $2.7 billion, with expected net proceeds of roughly $2.3 billion for debt repayment and potential share repurchases. Pizza Hut sales and profit declined in recent results, while KFC unit growth and Taco Bell same-store sales and profit rose. Deal closing and transition services through 2027 add execution risk.

Yum China said it will move to full ownership of Pizza Hut in Mainland China, after operating as a licensee for 36 years. In Q2, revenue rose 13% year on year to US$3.14 billion and operating profit reached US$348 million. KFC drove growth, while delivery made up 54% of sales. Yum China plans 500 to 600 new Pizza Hut openings this year.