Pizza Hut is closing dozens of restaurants in Great Britain. Over a thousand people on the street
“About 1,210 people will lose their jobsbecause in the coming weeks 68 Pizza Hut restaurants will close their doors, including: in Brighton, Hull, Bristol, Leeds and Edinburgh,” reports the BBC.
Eleven delivery points will also be closed.
The London manager of Pizza Hut has big problems
BBC indicates that On Monday, receivers were appointed in DC London Pie Limited, which manages Pizza Hut restaurants in Great Britainwhile the global owner of the Yum! brand Brands took it upon himself to save the remaining 64 pizzerias and 1,276 jobs.
“Pizza Hut's UK operations are struggling and… it declared bankruptcy less than a year ago“- we read.
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Administrators FTI Consulting said DC London Pie had been hit by a combination of “difficult trading conditions and cost increases”. Cash flows have come under pressure “as a result of tax liabilities”.
DC London Pie bought Pizza Hut UK restaurants out of bankruptcy in January this year. The company also owns Pizza Hut franchises in Sweden and Denmark.
In addition to the recently acquired 64 pizzerias, Yum! Brands still owns and operates 343 Pizza Hut delivery points across the UK.
Pizza Hut in the world
Pizza Hut is an international chain of restaurants specializing in serving pizza, founded in 1958 in Wichita, Kansas, by brothers Dan and Frank Carney. The brand quickly gained popularity thanks to the introduction of the concept of a family restaurant offering American-style pizza, with a characteristic thick pan pizza dough.
See also: There's no one to bake pizza for. Italy suffers from a labor shortage
Currently, Pizza Hut is part of the Yum! group. Brands, which also owns KFC and Taco Bell, and operates in over 100 countries around the world, with thousands of locations in various formats — from service restaurants, through express restaurants, to delivery points.
The first Pizza Hut restaurants appeared in Poland in the 1990s.and currently the chain is one of the leaders in the casual dining and pizza delivery segments.
