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Pizza Hut to shut 68 restaurants in UK after company behind venues falls into administration
- On October 20, DC London Pie Limited appointed FTI Consulting as administrators and announced a pre-pack acquisition of Pizza Hut UK dine-in operations.
- The dine-in arm's financial collapse pushed the business into administration, with HMRC reportedly filing a winding-up petition that intensified legal pressure on the administrators.
- A spokesperson 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`, securing 64 sites and transferring approximately 2,259 team members to the new equity business.
- Takeaway branches are unaffected because they sit in a separate business, and approximately 1,277 team members will transfer under UK TUPE legislation.
- This follows a rescue last year that saved 139 restaurants and 3,000 jobs, and under administration rules, administrators will seek buyers or sell assets to repay creditors.
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Leaning Left8Leaning Right5Center61Last UpdatedBias Distribution82% Center
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C 82%
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