pizza express closures

Alex Lawson @MrAlexLawson. Pizza Express is to shut 73 restaurants across the UK putting up to 1,100 jobs at risk. A Pizza Express site. I. The company, which currently has around 454 restaurants in the UK, said on Tuesday it had finalized a proposal to lower its catering and rental costs through a company voluntary agreement (CVA). Pizza Express said 89% of its creditors voted for its Company Voluntary Arrangement (CVA), which will see it secure rent reductions. PizzaExpress Creditors Approve Closures, 1,100 Jobs at Risk By . The pizza chain is the latest business to announce job cuts and store closures following the coronavirus crisis. Pizza Express is facing a £350million black hole as restrictions continue to hammer the hospitality sector. Pizza Express is pushing forward with plans to close more than 70 restaurants. By . Pizza Express is to shut 73 of its restaurants across the UK with the potential loss of 1,100 jobs in a bid to stay afloat in the wake of the coronavirus shutdown, the chain has announced.. and cut 1,100 jobs after being hit hard by the coronavirus pandemic and the lockdown.. Southampton Westquay. The plan has now been approved by its creditors, putting 1,100 jobs at risk. The news comes after restructuring plans were approved by its creditors. 7 September 2020, 11:32 | Updated: 7 September 2020, 11:33. Sky News also reported that the final number of closures and extent of rent cuts will depend partly on the how well agreements between landlords and debtors turn out. It has also hired Lazard & Co to advise on the sale of the group. Pizza Express is closing 73 branches across the UK. Pizza Express insisted its 482 UK and Ireland estate were not under threat of closure, despite falling UK sales (Image: MEN WS) Read More Related Articles. Pizza Express is planning to permanently shut 73 restaurants due to struggling with dept.. This proposal is part of the wider holistic recapitalisation and restructuring transaction, which will significantly strengthen the Group and provide funding to deliver its future growth plan. PIZZA Express has confirmed plans to close 73 restaurants, putting 1,100 jobs at risk. Pizza Express is to close 73 restaurants, putting 1,100 jobs at risk, after creditors approved a rescue restructure. Pizza Express currently has around 454 restaurants across the UK. Pizza Express confi… Antonio Vanuzzo. Pizza Express is one of the 84,000 restaurants who took part in the Eat Out to Help Out scheme in August, but unlike some others, it looks as though the chain won’t be offering discounts into September as well.. Pizza Express closures: Which Pizza Express restaurants are closing in the UK? Pizza Express CVA 73 closures. Pizza Express closures – the full list of restaurants Here are the 73 branches of Pizza Express earmarked for closure, putting 1,100 jobs at risk: Aberdeen – Belmont St Westquay Shopping Centre, Southampton, Hampshire, SO15 1QA. The restaurant closures mean 1,100 jobs are now at risk of being axed. Branches in Bramhall and Glossop are among the locations set to be axed.. Pizza Express announces closures of 73 restaurants across the UK. Some of these cookies tell us how you use this site to help you get the most out of it – if you’re happy with that, click Accept For information on the cookies used, click on More about cookies. Shutting of restaurants could result in the loss of 1,100 jobs. Their restaurants in Aberdeen (Belmont Street), Edinburgh (Holyrood) and Glasgow (Pr… PIZZA Express has today announced plans to permanently close 73 of its restaurants, including three in Scotland. Comments Share your thoughts and debate the big issues. Pizza Express is set to close 67 of its UK restaurants, putting 1,100 jobs at risk as it fights to shore up cash after sales were hammered by the coronavirus pandemic.. Earlier tonight, Pizza Express announced the closure of 73 restaurants. Pizza Express is closing 67 restaurants / Getty Images. Pizza Express full closures list: Which restaurants are closing in the UK? Pizza Express will close 73 restaurants and put 1,100 people out of work, after the people and companies that it owes money voted to approve its restructuring plan.More than 89 percent of those people and companies, its creditors, voted in favour of the deal, putting at least a temporary end to months of speculation about the beloved pizza chain’s future, according to Propel. Pizza Express has revealed plans to close 67 of its restaurants, putting 1,100 jobs at risk. Pizza Express closures take hospitality job losses to 17,000 This article is more than 3 months old. Pizza Express is to go ahead with plans to close 73 restaurants across the UK with the loss of up to 1,100 jobs after creditors voted in favour of a restructuring deal on Monday. Pizza Express is following in the footsteps of chains like Zizzi, Frankie and Benny’s and Pizza Hut, who recently announced that 29 restaurants are set to close, with 450 jobs at risk. 4 Aug 2020 National Business, Deals Jon Robinson. The popular chain will close doors at 73 of their restaurants for good as well as cut around 1,100 jobs. They are the latest dining chain to shut sites after lockdown led to plummeting revenues. Get directions. Pizza Express has said it could close around 67 of its UK restaurants, with up to 1,100 jobs at risk, as part of a major restructuring plan. Beyond pizza, there are cookies – we use the non-edible kind on this site. Join us at our restaurant in Southampton’s bustling West Quay shopping centre for a delicious Italian meal. Pizza Express up for sale as closures and job cuts revealed. Pizza Express closures: full list of 73 UK restaurants closing as 1,100 jobs put at risk The company has explained that several factors mean that its rental costs are no longer feasible. September 7, 2020, 3:29 AM EDT Updated on September 7, … After Pizza Express revealed it will close 73 locations across the country, here is a full list of confirmed store closures. 02380 710999. 04 August 2020. Up to 300 Pizza Hut restaurants are slated to permanently close following the bankruptcy of one the chain's largest franchisees. Pizza Express closures: why Eat Out to Help Out isn't enough for battered restaurants. Norfolk Pizza Express sites in firing line as chain announces closures Eleanor Pringle Published: 10:13 AM August 4, 2020 Updated: 7:16 PM November 22, 2020 PIZZA Express is shutting 73 restaurants, in a move that will see it close a fifth of all its UK branches. 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