Just a year after being saved in a rescue deal, a large franchisee of Pizza Hut has entered administration.
Pizza Hut is best known for its family-friendly casual dining style, as well as being a host to countless children’s parties.
Now, TheBusinessDesk has reported that a franchisee of the beloved pizza chain has appointed administrators.
Last year, 139 restaurants and 3,000 jobs in the UK were saved when Directional Capital purchased the flailing branches.
Now, 75 dine-in restaurants and 741 jobs operated by DC London Pie, Ltd, are at risk, as they weren’t part of the last-minute rescue deal.
Nicolas Burquier, Managing Director International Operating Markets, 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.’
In a statement, Pizza Hut said: ‘Today, we announce the acquisition of the Pizza Hut dine-in operations through a pre-packaged administration, after FTI was announced today as administrators of DC London Pie Limited, a franchisee of Pizza Hut dine-in restaurants.
