Pizza Hut to Close 68 UK Restaurants as Operator Enters Administration
Pizza Hut is set to close 68 of its UK restaurants following the administration of the company operating them. This significant decision raises questions about its workforce, as the firm has not disclosed how many jobs may be affected.
Background on Recent Developments
DLC London Pie, the company in charge of Pizza Hut’s UK branches, appointed administrators from FTI Consulting on Monday. This move comes less than a year after it acquired these restaurants from a previous insolvency situation.
Impact on Pizza Hut Operations
Despite these closures, American hospitality giant Yum! Brands has announced a pre-pack administration deal. This agreement allows Yum! Brands to retain 64 of the restaurants while protecting approximately 1,277 jobs. The deal is intended to stabilize operations during these turbulent times.
Key Details of the Administration Process
- Number of Closures: 68 restaurants
- Jobs at Risk: Unknown number of employees affected
- Company Behind Administration: DLC London Pie
- Administrator Firm: FTI Consulting
- Number of Restaurants Saved: 64
- Jobs Secured: 1,277 employees
This situation remains fluid, with ongoing updates anticipated as more information becomes available. Pizza Hut’s operations in the UK are under intense scrutiny, as their future relies on the outcomes of these recent developments.
