🍕 Big news for Pizza Hut fans in the UK! 🍕 The beloved pizza chain, a staple since the 70s, has gone into administration, putting hundreds of jobs at risk. Reports suggest that 75 dine-in branches might be shut for good, impacting up to 741 jobs.
Yum! Brands, which owns Pizza Hut, has appointed FTI Consulting to step in as administrators. The silver lining? They’ve managed to save 64 dine-in spots, ensuring a slice of the action continues at those locations and safeguarding 2,259 jobs that will transfer to the new Yum! equity business. 🍕✨
Takeaway fans, you can breathe a sigh of relief—those branches remain unaffected by this shake-up. For now, it’s business as usual for your favourite delivery orders! 📦
Nicolas Burquier, Pizza Hut’s managing director for Europe and Canada, has voiced a commitment to keeping the iconic dining experience alive and kicking where possible. Their primary focus remains on ensuring smooth operations at the acquired locations and supporting staff through these uncertain times.
Stay tuned as this story develops, and let’s keep our fingers crossed for the teams and fans of this iconic pizza brand! 🤞