"DC London Pie, the firm running Pizza Hut's UK restaurants, appointed administrators from corporate finance firm FTI on Monday. It comes less than a year after the business had itself bought the chain's restaurants from insolvency. On Monday, American hospitality giant Yum! Brands, which owns the global Pizza Hut business, said it has now bought the UK restaurant operation in a pre-pack administration deal."
"There are 13 Pizza Hut restaurants inside the M25 - nine of these are set to close while four have been rescued. Full list of Pizza Hut restaurants facing closure in London: Beckton Triangle, Claps Gate Lane, E6 6LH Finchley Lido, Leisure Way, N12 0QZ Greenwich Peninsula, Bugsbys Way, SE10 0QJ Russell Square, Southampton Row, WC1B 5AL Romford Retail Park, Rom Valley Way, RM7 0AF"
DC London Pie, the franchisee operating Pizza Hut dine-in restaurants in the UK, appointed administrators from FTI after financial distress. Yum! Brands purchased the UK restaurant operation in a pre-pack administration, securing 64 sites and protecting 1,277 workers. Closures will place 1,210 jobs at risk and lead to the shuttering of 11 delivery sites. Pizza Hut had more than 260 UK restaurants at its peak after launching in 1973 and previously closed 29 branches in 2020 amid Covid-19 losses. Thirteen sites exist inside the M25; nine face closure while four were rescued. Other takeaway and delivery franchisees remain unaffected.
Read at www.standard.co.uk
Unable to calculate read time
Collection
[
|
...
]