
Dozens of Pizza Hut restaurants in the UK are closing down and hundreds of jobs are at risk after its dine-in operations have come under administration control. Pizza Huts dine-in business in the UK announced that it would close 68 restaurants as part of the administration notice. What is causing Pizza Hut UK to shut 68 restaurants and 11 delivery sites? The closures will affect 68 restaurants and 11 delivery units across the UK resulting in job losses across 1210 roles as the company operating these outlets has entered administration. The owner of these Pizza Hut UK restaurant chains DC London Pie Limited appointed FTI Consulting on Monday October 20 as the administration team. Pizza Hut UK has launched a pre-packaged administration to continue its presence in the dine-in space. Why has Pizza Hut UK entered administration? However Pizza Hut’s global owner Yum! Brands has agreed to save 64 restaurants securing 1276 jobs. Under a new rescue deal these 64 outlets will continue operations ensuring the future of 1277 employees. Well-known for its family-oriented Pizza Hut restaurants and salad bars the brand’s UK operation has struggled eventually entering administration less than a year ago. In January of this year DC London Pie bought Pizza Hut UKs restaurants from insolvency. DC London Pie also holds Pizza Hut franchises in Sweden and Denmark. What role did Yum! Brands play in trying to save parts of the business? While speaking to the BBC a spokesperson for Pizza Hut UK stated We are pleased to secure the continuation of 64 sites to safeguard our guest experience and protect the associated jobs. This targeted acquisition aims to safeguard our guest experience and protect jobs where possible Nicolas Burquier managing director for Pizza Hut Europe and Canada was quoted as saying by BBC. STORY HIGHLIGHTS Dozens of Pizza Hut restaurants in the UK are closing down and hundreds of jobs are at risk. The closures will affect 68 restaurants and 11 delivery units across the UK resulting in job losses across 1210 roles. The first UK Pizza Hut restaurant opened in Islington London in 1973. In January of this year DC London Pie bought Pizza Hut UKs restaurants from insolvency. According to the Guardian report the first UK Pizza Hut restaurant opened in Islington London in 1973. By 1999 the companys employee numbers had increased to over 14000 and by 2006 there were nearly 700 sites. However in recent years it has faced challenges as casual dining restaurant groups have struggled to attract customers trying to cope with a fall in disposable incomes with rising inflation.
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