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Pizza Hut to Close in Liverpool City Centre as 68 Closures Confirmed
- On Monday , Pizza Hut disclosed 68 dine-in restaurants across the UK set to close as administrators from FTI Consulting took over DC London Pie's process and employees were sent home mid-shift.
- Administration followed a recent winding-up petition six weeks after HMRC filed against DC London Pie, formed after Directional Capital acquired 139 UK restaurants in January this year.
- The rescue deal preserves 64 outlets and secures 1,277 employees, while the restructuring also shutters 11 delivery sites and puts 1,210 workers at risk.
- Yum! Brands has acquired the UK restaurant operation via a pre-pack and said, `This targeted acquisition aims to safeguard our guest experience and protect jobs where possible.`
- The move reflects broader pressures on high street casual dining as closures include Cribbs Causeway, off the M5 in South Gloucestershire, and Hereford, Herefordshire.
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Total News Sources56
Leaning Left3Leaning Right2Center35Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
C 87%
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