Bad News From The 67 Year Old Pizza Chain Pizza Hut
Pizza Hut, the world's largest pizza chain, is downsizing in yet another country. Following the cessation of its operations in Turkey months ago, troubling news has emerged from the chain's UK restaurants. The popular pizza chain, with a history spanning 67 years, is set to close 68 of its outlets across the UK, leaving 1210 employees jobless. In addition, Pizza Hut had entered into bankruptcy management in the UK last year.
Bad news from Pizza Hut, a pizza chain with a 67-year history.
Pizza Hut, which ceased its operations in Turkey, is downsizing in the UK. A total of 68 restaurants and 11 delivery points across the country will be shut down. The closure of these branches will result in the termination of 1210 employees.
Bankruptcy administrators were appointed to DC London Pie Limited, which operates the Pizza Hut business in the UK. Meanwhile, Yum Brands, the global brand owner of Pizza Hut, has taken steps to protect its restaurants in the country.
Pizza Hut had entered into bankruptcy proceedings in the UK last year.
In recent years, Pizza Hut, which has been grappling with cost and trade difficulties, was facing financial troubles in the UK. The popular pizza chain, which filed for bankruptcy last year, will continue its operations with 343 Pizza Hut delivery points throughout the UK, according to the brand's representative.
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