UK

Pizza Express prepares to shutter 67 UK restaurants, cut more than 1,000 jobs, and transfer ownership to its debtholders

1 month ago   |   By Business Insider

Pizza Express said it may close 15% of its UK restaurants as part of a restructuring that puts up to 1,100 jobs at risk.
The pizza chain also plans to transfer majority ownership from its current owner, Chinese private equity firm Hony Capital, to debtholders so it can secure funding for future growth.
Hony Capital intends to retain ownership of the group's mainland China business, a spokesperson told Business Insider.
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UK-based chain Pizza Express said on Tuesday it could close 15% of its restaurants in the UK, putting up to 1,100 jobs...
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Pizza Express to close 67 stores putting 1,100 jobs at risk

Pizza Express to close 67 stores putting 1,100 jobs at risk

1 month ago   |   By Daily Record

Pizza Express could close around 15% of its UK restaurants as a result of the coronavirus lockdown
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1,100 jobs at risk as PizzaExpress plans to close around 67 restaurants

1,100 jobs at risk as PizzaExpress plans to close around 67 restaurants

1 month ago   |   By Evening Express

Up to 1,100 jobs are at risk at PizzaExpress's restaurants in the UK as it plans to close around 67 of its sites.
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1,100 jobs at risk as Pizza Express eyes around 67 restaurant closures

1 month ago   |   By Belfast telegraph

Pizza Express has said it could close around 67 of its UK restaurants, with up to 1,100 jobs at risk, as part of a major restructuring plan to shore up its finances.
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Pizza Express Set To Shut 67 Restaurants And Cut 1,100 Jobs

Pizza Express Set To Shut 67 Restaurants And Cut 1,100 Jobs

1 month ago   |   By Huffington Post

Get the latest on coronavirus. Sign up to the Daily Brief for news, explainers, how-tos, opinion and more. Pizza Express has said it could close around 67 of its restaurants in the UK. Up to 1,100 jobs are expected to be at risk as a result of the major restructuring plan. The chain said it plans to launch a company voluntary arrangement in the “near future” in a bid to push down its rents. The company said: “This decision is a very difficult one; however, against the current unprecedented backdrop, Pizza Express believes reducing the size of its estate will help it to protect 9,000 jobs.”...
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Pizza Express ‘plans to close' 67 UK restaurants putting 1,100 jobs at risk

1 month ago   |   By The Sun

PIZZA Express is “planning to close” around 67 restaurants putting up to 1,100 jobs at risk.
The chain said it is thinking about launching a company voluntary arrangement in the “near future” in a bid to push down its rents.
The family favourite chain said that it faced a “significantly more challenging environment” after the coronavirus crisis.
The outcome has “yet to be decided”, Pizza Express said, but it may end in the closure of around 15 per cent of its 449 restaurants in the UK, affecting 1,100 staff.
The company added: “This decision is a very difficult one; however, against the...
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1,100 jobs at risk as PizzaExpress looks at closing 67 restaurants

1,100 jobs at risk as PizzaExpress looks at closing 67 restaurants

1 month ago   |   By Wessexfm

PizzaExpress has said it could close around 67 of its UK restaurants, putting up to 1,100 jobs at risk.
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