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168 new news items in the last 24 hours
20 October 20:26

Pizza Hut UK has entered insolvency, which has affected 68 sit-down restaurants and put 741 jobs at risk. Yum! Brands has taken over 64 of these locations.

Raluca Ioana Draghici
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International
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The Pizza Hut restaurant chain in the United Kingdom has entered insolvency, affecting 68 dine-in locations operated by DC London Pie Ltd. This decision comes after HMRC filed a liquidation request due to unpaid debts. Although the company did not specify how many employees will be affected, sources indicate that approximately 741 jobs are at risk. Some locations have sent staff home without clear explanations, causing confusion and concern among employees. Takeaway restaurants are not affected, as they are operated by a separate entity. Yum! Brands acted quickly, saving 64 locations and ensuring the transfer of over 2,259 employees into the new business structure. The financial crisis was triggered by the bankruptcy of the former owner, Heart with Smart Limited, which had debts of nearly 40 million pounds.

Sources

sursa imagine
Adevarul
Pizza Hut Marea Britanie va închide 68 de restaurante după ce a intrat în insolvență. Angajații au fost trimiși acasă la mijlocul zilei
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Mediafax
O mare companie anunță că va închide zeci de restaurante din Marea Britanie
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independent.co.uk
Pizza Hut to shut 68 UK restaurants after hiring administrators
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BBC
Pizza Hut to close 68 UK restaurants after falling into administration

ȘTIRI PE ACELEAȘI SUBIECTE

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International
Yum! Brands has announced a review of strategic options for Pizza Hut, including the possibility of a sale, considering the decline in sales and poor performance compared to Taco Bell and KFC.
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Diaspora
Pepco will close 28 stores in Germany, affecting 165 employees, due to financial losses and insolvency.
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Diaspora
Starcar GmbH, one of the largest car rental companies in Germany, has declared bankruptcy, affecting over a thousand employees and thousands of customers.
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Pizza Hut insolvency restaurant United Kingdom

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