The owner of the Pizza Hut’s UK restaurants, DC London Pie Ltd, has appointed FTI Consulting as administrators.
The company’s international owner, Yum! Brands, is believed to have saved 64 of the at-risk restaurants. However, 68 dine-in branches remain at risk of permanent closure, potentially resulting in up to 741 job losses.
The news only affects dine-in locations; takeaway outlets remain unaffected.
Pizza Hut said in a statement this morning: “Today we announce the acquisition of the Pizza Hut dine-in operations through a pre-packaged administration, following the appointment of FTI as administrators of DC London Pie Limited, a franchisee of Pizza Hut dine-in restaurants
“We are pleased to secure the continuation of 64 sites to safeguard our guest experience and protect the associated jobs. Approximately 2,259 team members, including above-restaurant leaders and support teams, will transfer to the new Yum! equity business.”
Speaking to The Business Desk, Nicolas Burquier, managing director Pizza Hut Europe and Canada, said: “This targeted acquisition aims to safeguard our guest experience and protect jobs where possible. Our immediate priority is operational continuity at the acquired locations and supporting colleagues through the transition.”
