Pizza Hut to close 68 UK restaurants
Summary
Pizza Hut plans to close 68 restaurants and 11 delivery sites in the UK, resulting in 1,210 job losses. The move follows financial difficulties, but 64 restaurants and 1,276 jobs will be saved through an acquisition deal by Yum! Brands, the global owner of Pizza Hut.Key Facts
- Pizza Hut is closing 68 restaurants and 11 delivery sites in the UK.
- This closure will cause 1,210 people to lose their jobs.
- DC London Pie Limited runs Pizza Hut's UK restaurants.
- FTI Consulting was appointed as administrators on Monday.
- Yum! Brands, which owns Pizza Hut globally, plans to save 64 restaurants in the UK.
- This acquisition by Yum! Brands will preserve 1,276 jobs.
- Pizza Hut had financial troubles and went into administration earlier this year in January.
- The company's focus is on maintaining operations at saved locations and helping staff with the change.
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