Pizza Hut to close 29 restaurants putting 450 jobs at risk



a sign on the side of a building: Photograph: Mike Egerton/PA


© Provided by The Guardian
Photograph: Mike Egerton/PA

Pizza Hut has confirmed a list of 29 sites up for closure as part of a rescue deal which could lead to the loss of 450 jobs.

Sites in Cambridge, Leicester, Sheffield and Stratford, east London, are all at risk as the group considers cutting about 10% of its 244 outlets.

The main UK franchisee of the US-owned business is also seeking to cut rents, asking landlords to base payment demands on turnover at each outlet, under a restructuring deal called a company voluntary arrangement (CVA).

The CVA, which was confirmed on Friday, does not affect the Pizza Hut delivery business, which is separately owned. Landlords and other creditors will have to approve the deal in the coming weeks.

Pizza Hut Restaurants said: “We are doing everything we can to redeploy our team members from our Pizza Hut Restaurants locations that are

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