Summary
Pizza Hut is closing half its restaurants in the UK after facing financial difficulties. The rising costs of food and staffing have made it hard for the chain to maintain its all-you-can-eat offerings. Competitors like Domino’s and high-quality supermarket pizzas are attracting more customers.
Key Facts
- Pizza Hut is closing 68 out of its 132 UK locations.
- The chain was bought out of administration twice this year.
- Rising food prices have made Pizza Hut’s buffet model costly to operate.
- Staffing costs increased due to higher minimum wages and national insurance.
- Competitors like Domino’s focus on takeaway and delivery, which are very popular.
- Casual and fast-food restaurants saw a 6% drop in customers over the summer.
- Many people prefer cooking pizza at home or getting high-quality oven pizzas from supermarkets.
- Newer pizza places with fresh ingredients are changing what people expect from pizza.
