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Pizza Hut UK falls into administration with hundreds of jobs at risk

Pizza Hut UK falls into administration with hundreds of jobs at risk

Pizza Hut could close dozens of its UK restaurants after reportedly collapsing into administration. The full list of affected restaurant branches has not been confirmed publicly. The American chain has hundreds of restaurants and delivery locations across the UK.

According to reports by the Mirror, as many as 741 jobs could be made redundant as 75 dine-in branches are at risk of being shut for good. Pizza Hut, owned by Yum! Brands, has appointed FTI Consulting as administrators today (October 20).

Officials have agreed to save 64 dine-in restaurants, but 75 other locations were not included in the rescue deal and could, therefore, be closed. Pizza Hut takeaway branches are unaffected by the administration, according to early reports.

A spokesperson for the pizza chain told The Sun: “Today, we announce the acquisition of the Pizza Hut dine-in operations through a pre-packaged administration, after FTI was announced today as administrators of DC London Pie Limited, a franchisee of Pizza Hut dine-in restaurants.

“We are pleased to secure the continuation of 64 sites to safeguard our guest experience and protect the associated jobs. Approximately 2,259 team members will transfer to the new Yum! equity business, including above-restaurant leaders and support teams.”

TheBusinessDesk.com published a statement from Nicolas Burquier, the managing director of Pizza Hut Europe and Canada. He said: “This targeted acquisition aims to safeguard our guest experience and protect jobs where possible. Our immediate priority is operational continuity at the acquired locations and supporting colleagues through the transition.”

The very first UK Pizza Hut location opened in 1973 in Islington, London. The brand continued to grow its UK presence over the decades that followed.

Source – https://www.walesonline.co.uk/news/uk-news/pizza-hut-uk-falls-administration-32713401.amp

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