American pizza chain Pizza Hut has confirmed plans to close 29 out of its 244 restaurants in the UK to overcome the business disruption caused by the Covid-19 pandemic.

A part of the chain’s restructuring efforts, the move is estimated to put at least 450 jobs at risk.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Pizza Hut said it is negotiating company voluntary arrangement (CVA) with lenders. CVA is an insolvency formality used to avoid putting a company into full administration and to re-negotiate debt repayments.

Even after the restaurants reopen, the company does not expect the sales to ‘fully bounce back’ until next year due to the disruption caused by the pandemic.

Pizza Hut is expected to reveal the details of affected branches later this week. The company said that the move would not affect jobs at Pizza Hut Delivery and other related franchises.

It also added that measures could help save approximately 5,000 jobs at the rest of its UK restaurants.

A spokeswoman for the company said that the company is trying to ‘secure as many jobs as possible’ and is in talks with its creditors to reach an agreement.

In July, the company decided to permanently close down all 16 stores in Greece with immediate effect.

In April, Pizza Hut introduced a contactless kerbside pickup option at participating restaurants in the US in an effort to sustain the sales during the pandemic.

Recently, UK-based restaurant group Pizza Express announced plans to close 73 restaurants and cut 1,100 jobs.