KINGSTON, Jamaica — Pizza Hut’s Jamaican operations are set to come under a new global owner after Yum Brands agreed to sell the struggling restaurant chain as part of a US$2.7-billion deal.

Private-equity firm LongRange Capital will acquire Pizza Hut’s operations outside mainland China for about US$1.5 billion, a transaction that would include the international brand and franchise network under which Pizza Hut Jamaica operates.

Yum China Holdings will separately purchase the mainland China business for approximately US$1.2 billion. Both transactions are expected to close during the third quarter of 2026.