Pizza Hut's biggest UK franchisee has begun approaching potential bidders as it scrambles to mitigate the looming impact of tax hikes announced in last month's Budget. Sky News has learnt that Heart With Smart (HWS), which operates roughly 140 Pizza Hut dine-in restaurants, has instructed advisers to find a buyer or raise tens of millions of pounds in external funding.

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BBC News

United Kingdom

UK Pizza Hut to raise funds after Budget tax hikes

https://www.bbc.com/news/articles/cdd0nzv6v1no The operator of Pizza’s Hut restaurants in the UK is looking to raise more than £10m to help it cope with increased costs after tax rises on business were announced in last month’s Budget.The money could come from a sale of part of the business, or new investment from existing shareholders.It comes amid growing backlash from business owners who warn… Source

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The operator of 140 Pizza Hut dine-in restaurants across Britain has hired advisers at Interpath to find new investors or a buyer amid stark warnings about the impact of the Budget, Sky News learns.

Sky News UK

Roberts family

Pizza Hut UK hunts buyer amid Budget tax hike crisis

Sky News has learnt that Heart With Smart (HWS), which operates roughly 140 Pizza Hut dine-in restaurants, has instructed advisers to find a buyer or raise tens of millions of pounds in external funding. City sources said this weekend that the process, which is being handled by Interpath Advisory, had got under way in recent days and was expected to result in a transaction taking place in the next few months. HWS, which was previously called Piz…

Great Yorkshire Radio

Pizza Hut UK Hunts Buyer Amid Budget Tax Hike Crisis - Great Yorkshire Radio

Pizza Hut’s biggest UK franchisee has begun approaching potential bidders as it scrambles to mitigate the looming impact of tax hikes announced in last month’s Budget. Sky News has learnt that Heart With Smart (HWS), which operates roughly 140 Pizza Hut dine-in restaurants, has instructed advisers to find a buyer or raise tens of millions of pounds in external funding. City sources said this weekend that the process, which is being handled by In…

khbrknews

The operator of Pizza Hut’s restaurants in the UK is looking to raise more than £10m to help it cope with increased costs after tax rises on business were announced in last month’s Budget. The money could come from a sale of part of the business, or new investment from existing shareholders. It comes amid growing backlash from business owners who warn rises in employers’ national insurance contributions and the National Living Wage will push up …

Pizza Hut UK hunts buyer amid Budget tax hike crisis

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