Pizza Hut has announced the closure of 68 restaurants across the UK after the company running its dine-in venues, DC London Pie, entered administration.
The affected branches stretch nationwide, from Finchley Lido in London to Carlisle and Rhyl, while 11 delivery-only sites will also shut down. The closures put around 1,210 jobs at risk.
Corporate finance firm FTI Consulting was appointed as administrator on Monday. In a pre-pack administration deal, Pizza Hut’s US parent company, Yum! Brands — which also owns KFC and Taco Bell — acquired the remaining UK restaurant operations, saving 64 restaurants and 1,276 jobs.
FTI joint administrator Matt Callaghan said: “This transaction provides a stable platform for one of the UK’s best-known dine-in brands, securing the continuation of 64 Pizza Hut sites and preserving 1,276 jobs. We will continue to support those employees who have unfortunately been made redundant.”
