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Pizza Express in talks to 'permanently close scores UK restaurants'
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mirror.co.ukPizza Express could be forced to permanently close a number of UK restaurants as debts continue to pile up amid the coronavirus lockdown.
The struggling chain is reportedly considering a restructuring process known as a CVA, which would allow it to exit some or all of its loss-making sites and reach an agreement with creditors.
Before the coronavirus pandemic hit in March, forcing restaurants to close, fewer than 10 of the chain's venues were loss-making, according to figures released to the Mail on Sunday.
But it is understood the crisis has forced the firm to evaluate options for ensuring its future viability and a CVA is one of several possibilities.
Read more on mirror.co.uk
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