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Pizza Express to close 73 UK restaurants with 1,100 jobs affected

Zoe Bowley Britain China Italy Ireland city Hony Coronavirus pandemic covid-19 hospital

18.08.2020 - 21:19

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it could close 67 of its UK restaurants. The high street Italian chain also said it put itself up for sale after bringing in experts.It added that the reduction in revenue caused by the enforced closure of all restaurants, the cost of reopening and the UK's uncertain economic future meant its rental costs were no longer sustainable.Pizza Express, which is majority owned by Chinese firm Hony Capital, also confirmed it had hired advisers from Lazard to lead a sale process for the business.UK & Ireland managing director Zoe Bowley said the impact of the coronavirus pandemic had led to some “incredibly tough decisions to safeguard Pizza Express for the long term”.She added: “Today we have confirmed that 73 of our pizzerias are proposed to close.

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