All PizzaExpress articles – Page 4

  • PizzaExpress

    Pizza Express to cut further 1,300 jobs


    Pizza Express will cut 1,300 roles across its estate as it looks to reduce its UK team. With job losses expected at all of its 370 sites, the business has said it has had to make the difficult decision as a result of declining footfall since September and poor city centre trade. The reduction will take place through a combination of voluntary and compulsory redundancies, and it is hoped the newly downsized team will place the business in a better position to prepare for 2021 and beyond.

  • PizzaExpress at Welcome Break

    Pizza Express to be taken over by bondholders in debt for equity swap


    Pizza Express is set to be taken over by its bondholders after a sale process seeking potential buyers failed to find a competitive offer.

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    Dominic Walsh: Casual dining one of ‘big losers’ of pandemic


    It used to be so simple. Come up with a restaurant concept and a brand, open one restaurant, then a second, then aim for five outlets then ten and 20, and if it’s still working, press the button on a nationwide rollout. Well, something like that, anyway.

  • PizzaExpress

    Pizza Express to close 15% of estate in restructuring


    Pizza Express has today announced that it is to undergo a financial and operational restructuring, which could see the permanent closure of 15% of its estate.

  • pizza express

    Pizza Express to reopen a further 150 sites


    Pizza Express is set to open a further 150 restaurants by the beginning of August.

  • Pizza Express

    Potential restructure at Pizza Express


    Hony Capital, which owns Pizza Express, could be “all but wiped out in a restructuring” according to a report in the Times. It said Hony Capital, which bought the 627 strong chain for £873m in 2014, had “looked at the possibility of injecting more equity into the business but is now thought to be resigned to ceding control to its bondholders.” It went on to say that “none of the parties involved would comment” but there “were suggestions last night that a financial restructuring, possibly including some restaurant closures, could come as early as next week.”

  • PizzaExpress Langham Place, Oxford Circus 03

    Pizza Express announces opening plan


    Pizza Express is reopening of 46 of its restaurants for dine-in customers from Thursday, 9 July. 

  • pizza express

    Pizza Express launches virtual brand


    Pizza Express has announced the launch its first virtual delivery brand, Mac & Wings.

  • Pizza Express

    Pizza Express adds option to click and collect


    Pizza Express has taken another tentative step towards reopening by adding an option to click and collect pizzas from the 13 sites in London that are already open for delivery. Click and collect will only be available via the Pizza Express website. Safety measures have already been introduced at restaurants including social distancing, protective screens and additional cleaning.

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    Pizza Express opens select sites for delivery


    Pizza Express has opened 13 sites across London for delivery only.

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    Pizza Express MD Zoe Bowley: Shared rent burden a ‘sensible short-term solution’


    A three-way shared rent payment would be a “sensible route in the short term”, Pizza Express managing director Zoe Bowley has said.

  • Pizza Express

    Pizza Express to relaunch delivery


    Pizza Express is set to relaunch certain sites for delivery in the next two weeks, MCA’s The Conversation has heard.

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    UKH and Industry CEOs call on Government for immediate support


    In a joint letter with UK Hospitality, over 200 CEOs from across the hospitality industry have appealed to the Prime Minister to ’act without delay’ in implementing immediate government support for the sector.

  • Terry Harrison @ Busaba
    Analysis & Insight

    Bangkok bounce back?


    Once the darling of the Thai restaurant scene, Busaba has had a tough few years, with falling profits and site closures. Now with a simplified offer and a fresh focus on the capital, it’s looking to bounce back

  • Kitopi

    ​Kitopi raises $60m in new funding


    Kitopi, the smart kitchen operator, has raised $60m in new funding led by Lumia Capital. 

  • PizzaExpress at Welcome Break

    Review of the Year part One


    Amid a backdrop of casual dining carnage and CVAs around every corner, the industry had plenty of news in 2019. But Pizza Express delivered drama. With 490 sites in the UK, Pizza Express is a national institution. So when it announced a net debt pile of £1.1bn earlier this year, and premature rumours of its demise hit the airwaves, the country rallied itself in the way it does best these days – by keyboard.

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    The Dom Walsh Awards


    Our monthly columnist from The Times hands out his annual awards to brands and operators who have made the past 12 months newsworthy – for better or for worse…

  • Jo Fleet

    Jo Fleet named ‘unsung hero’


    Flat Iron, Wagamama, Caravan and Lina Stores were among winners at Restaurant magazine’s R200 Awards held in London last night (4 December).

  • PizzaExpress Langham Place, Oxford Circus - 04

    Pizza Express bondholders’ warning over brand’s future


    Pizza Express bondholders have urged the restaurant chain’s senior management and Chinese owners to move quickly to restructure the group’s debt-laden balance sheet or risk its future, the Financial Times reports.

  • PizzaExpress Langham Place, Oxford Circus exterior

    Pizza Express has reasons to be cheerful - and remain vigilant


    Back of house, the management of Pizza Express clearly still has much on their plate as they seek to stabilise the finances. But, to their credit, the front of house execution is not being undermined. In fact, MCA’s latest quarterly consumer research finds the business has several reasons to be cheerful.