Over 1,000 jobs saved under a pre-pack deal
Pizza Hut UK will close 68 restaurants and 11 delivery sites, resulting in the loss of 1,210 jobs, after its local operator DC London Pie Limited entered administration, consultancy firm FTI Consulting announced on Monday, as reported by Reuters.
However, in a pre-pack administration agreement, Yum! Brands, the US-based global owner of the Pizza Hut brand, will acquire 64 restaurants, securing more than 1,000 jobs across the UK.
Read full article here: turnovernews.com
Photo: Biz Journal
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