1,100 jobs at risk as Pizza Express closes 73 outlets
Restaurant chain Pizza Express has announced the potential loss of over a thousand jobs as a result of the closure of 73 of its UK outlets.
The firm is set to close outlets across the country following the impact of the COVID-19 pandemic and subsequent business disruption. It is expected that 1,100 roles will be affected by the closures.
The company has confirmed it plans to sell the business, which is majority-owned by Chinese firm Hony Capital. and has appointed Lazard to lead the sale process.
Pizza Express, which currently has 454 restaurants, has stressed that it will protect over 9,000 jobs.
Zoe Bowley, Pizza Express’s managing director for the UK and Ireland, commented: “Unfortunately, the impact of the global pandemic has meant that we have had to make some incredibly tough decisions to safeguard Pizza Express for the long term.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future