Coronavirus: PizzaExpress bakes plan to axe scores of UK restaurants The chain is drawing up plans to close well over 50 of its outlets as part of a restructuring, Sky News learns.

The chain is drawing up plans to close well over 50 of its outlets as part of a restructuring, Sky News learns.

Dozens of PizzaExpress sites are facing the threat of closure as part of a financial restructuring of one of Britain’s biggest restaurant operators.

Sky News has learnt that the company is drawing up plans to close "around 75" of its 470 UK outlets through an insolvency process called a company voluntary arrangement (cva).

Sources said on Thursday that the final number of proposed closures had yet to be arrived at, and would depend partly on the progress of formal talks with...
source: The Sky News

2020-07-16 15:23
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